Legal & General Group Plc Makes New $5.30 Million Investment in Universal Technical Institute Inc $UTI

Legal & General Group Plc purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI) in the 2nd quarter, Holdings Channel reports. The firm purchased 123,915 shares of the company’s stock, valued at approximately $5,300,000.

A number of other hedge funds have also added to or reduced their stakes in UTI. Newbridge Financial Services Group Inc. acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $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 acquiring an additional 750 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after acquiring an additional 943 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the first quarter valued at approximately $57,000. Finally, State of Wyoming bought a new position in Universal Technical Institute in the second quarter valued at approximately $109,000. Institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the sale, the chief executive officer directly owned 335,715 shares in the company, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,099,045 shares of company stock valued at $128,294,100 over the last quarter. 9.80% of the stock is owned by company insiders.

Universal Technical Institute Stock Performance

NYSE UTI opened at $21.59 on Friday. Universal Technical Institute Inc has a 12-month low of $20.33 and a 12-month high of $51.34. The firm has a 50-day moving average price of $34.91 and a two-hundred day moving average price of $36.46. The company has a market capitalization of $1.19 billion, a P/E ratio of 34.82, a P/E/G ratio of 2.30 and a beta of 1.17. 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 posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. Analysts anticipate that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UTI shares. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a report on Thursday, May 7th. Truist Financial cut their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, B. Riley Financial dropped their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.83.

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.