Royce & Associates LP Sells 56,000 Shares of Universal Technical Institute Inc $UTI

Royce & Associates LP reduced its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 7.6% in the third quarter, Holdings Channel reports. The institutional investor owned 683,532 shares of the company’s stock after selling 56,000 shares during the period. Royce & Associates LP’s holdings in Universal Technical Institute were worth $22,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. lifted its position in Universal Technical Institute by 1.7% in the 3rd quarter. American Century Companies Inc. now owns 1,580,224 shares of the company’s stock valued at $51,436,000 after acquiring an additional 26,025 shares in the last quarter. AXQ Capital LP bought a new position in shares of Universal Technical Institute in the third quarter valued at approximately $262,000. Citigroup Inc. lifted its holdings in shares of Universal Technical Institute by 209.9% in the third quarter. Citigroup Inc. now owns 58,228 shares of the company’s stock valued at $1,895,000 after purchasing an additional 39,439 shares in the last quarter. Zweig DiMenna Associates LLC boosted its position in shares of Universal Technical Institute by 1.1% during the third quarter. Zweig DiMenna Associates LLC now owns 141,000 shares of the company’s stock valued at $4,590,000 after buying an additional 1,500 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Universal Technical Institute by 4.3% during the third quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock worth $112,508,000 after buying an additional 141,426 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

Insider Activity

In other Universal Technical Institute news, Director Coliseum Capital Management, L purchased 191,830 shares of the stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $25.38 per share, with a total value of $4,868,645.40. Following the completion of the transaction, the director directly owned 3,971,440 shares in the company, valued at approximately $100,795,147.20. This trade represents a 5.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Ann Frank sold 1,750 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $30.08, for a total transaction of $52,640.00. Following the completion of the transaction, the senior vice president directly owned 30,272 shares of the company’s stock, valued at approximately $910,581.76. This trade represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,014,086 shares of company stock worth $25,077,339. Insiders own 9.80% of the company’s stock.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $36.23 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $28.45 and its 200 day simple moving average is $28.29. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $36.64. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.13 and a beta of 1.31.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%.The firm had revenue of $220.84 million for the quarter, compared to analyst estimates of $216.65 million. Sell-side analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. Weiss Ratings lowered shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Zacks Research upgraded shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Wall Street Zen cut shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Barrington Research restated an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.20.

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.