Universal Technical Institute Inc $UTI Holdings Lifted by Next Century Growth Investors LLC

Next Century Growth Investors LLC lifted its stake in Universal Technical Institute Inc (NYSE:UTI) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,123,067 shares of the company’s stock after buying an additional 15,258 shares during the period. Universal Technical Institute makes up 2.0% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 8th largest holding. Next Century Growth Investors LLC owned about 2.04% of Universal Technical Institute worth $29,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of UTI. Royal Bank of Canada grew its position in shares of Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after buying an additional 14,364 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Universal Technical Institute in the 1st quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after buying an additional 5,216 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Universal Technical Institute during the 1st quarter worth $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Universal Technical Institute by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after purchasing an additional 9,951 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UTI shares. Barrington Research raised their price objective 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. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Universal Technical Institute Trading Down 4.5%

Shares of Universal Technical Institute stock opened at $38.95 on Friday. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $45.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $2.14 billion, a P/E ratio of 50.58, a PEG ratio of 3.43 and a beta of 1.25. The company’s fifty day moving average is $38.19 and its two-hundred day moving average is $32.63.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. Analysts forecast that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Insider Activity

In other news, Director George W. Brochick sold 5,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total value of $182,950.00. Following the sale, the director owned 27,516 shares of the company’s stock, valued at $1,006,810.44. The trade was a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda J. Srere sold 15,000 shares of Universal Technical Institute stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares in the company, valued at approximately $4,667,566.76. The trade was a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,023,500 shares of company stock worth $125,087,270 in the last ninety days. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute 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.