Jupiter Topco LLC Invests $1.09 Million in Universal Technical Institute Inc $UTI

Jupiter Topco LLC bought a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,399 shares of the company’s stock, valued at approximately $1,087,000.

A number of other large investors also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new position in Universal Technical Institute during the second quarter worth approximately $27,000. PNC Financial Services Group Inc. increased its position in shares of Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after buying an additional 750 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $57,000. Finally, State of Wyoming acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

NYSE UTI opened at $22.19 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s 50 day simple moving average is $34.52 and its 200-day simple moving average is $36.36. The company has a market cap of $1.22 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.17. Universal Technical Institute Inc has a 1-year low of $20.33 and a 1-year high of $51.34.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. As a group, equities research analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Truist Financial reduced their price objective on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. B. Riley Financial reduced their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Universal Technical Institute presently has an average rating of “Moderate Buy” and an average price target of $43.83.

Insider Transactions at Universal Technical Institute

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director directly owned 971,440 shares of the company’s stock, valued at approximately $40,217,616. This trade represents a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jerome Grant sold 94,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the transaction, the chief executive officer owned 335,715 shares in the company, valued at $13,898,601. The trade was a 21.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,099,045 shares of company stock valued at $128,294,100 over the last 90 days. 9.80% of the stock is currently owned by corporate insiders.

About Universal Technical Institute

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.