Elevation Point Wealth Partners LLC Invests $471,000 in Universal Technical Institute Inc $UTI

Elevation Point Wealth Partners LLC acquired a new position in shares of Universal Technical Institute Inc (NYSE:UTI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,050 shares of the company’s stock, valued at approximately $471,000.

A number of other institutional investors have also recently bought and sold shares of the company. Leuthold Group LLC increased its position in Universal Technical Institute by 0.3% in the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after purchasing an additional 439 shares during the last quarter. Verition Fund Management LLC increased its holdings in Universal Technical Institute by 2.1% in the third quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after buying an additional 441 shares during the last quarter. Engineers Gate Manager LP increased its holdings in Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after buying an additional 506 shares during the last quarter. SkyView Investment Advisors LLC raised its position in Universal Technical Institute by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after acquiring an additional 506 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Universal Technical Institute by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 8,530 shares of the company’s stock valued at $223,000 after acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

UTI has been the subject of several recent research reports. Barrington Research boosted their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. Truist Financial lifted their price objective on shares of Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 29th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Finally, Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.80.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $49.33 on Thursday. The firm has a market capitalization of $2.72 billion, a PE ratio of 64.07, a PEG ratio of 4.49 and a beta of 1.23. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $51.34. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $40.54 and its 200 day simple moving average is $35.01.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. On average, sell-side analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Insider Buying and Selling

In other news, Director Linda J. Srere sold 15,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the transaction, the chief accounting officer directly owned 43,006 shares in the company, valued at $1,910,326.52. This trade represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,117,545 shares of company stock valued at $128,998,420 in the last ninety days. Company insiders own 9.80% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.