Universal Technical Institute Inc $UTI Stock Bought by Isthmus Partners LLC

Isthmus Partners LLC lifted its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 78.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 173,927 shares of the company’s stock after buying an additional 76,444 shares during the quarter. Isthmus Partners LLC’s holdings in Universal Technical Institute were worth $3,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nykredit A S bought a new stake in Universal Technical Institute in the second quarter worth $25,000. PNC Financial Services Group Inc. boosted its position in Universal Technical Institute by 543.5% during 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 during the period. SBI Securities Co. Ltd. boosted its position in Universal Technical Institute by 332.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,497 shares of the company’s stock valued at $28,000 after buying an additional 1,151 shares during the period. State of Wyoming bought a new position in shares of Universal Technical Institute during the second quarter valued at about $109,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Universal Technical Institute during the second quarter valued at about $235,000. Institutional investors own 75.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UTI. Weiss Ratings downgraded Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Northland Securities set a $35.00 target price on Universal Technical Institute in a report on Thursday, September 10th. Texas Capital lowered Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Finally, Truist Financial decreased their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.83.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $21.65 on Friday. The business has a 50 day moving average of $21.11 and a 200 day moving average of $32.75. Universal Technical Institute Inc has a 52 week low of $18.02 and a 52 week high of $51.34. The company has a market cap of $1.19 billion, a PE ratio of 34.92, a P/E/G ratio of 1.89 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

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

Universal Technical Institute Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.