Corient Private Wealth LP Makes New Investment in Universal Technical Institute Inc $UTI

Corient Private Wealth LP acquired a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,220 shares of the company’s stock, valued at approximately $1,335,000. Corient Private Wealth LP owned about 0.06% of Universal Technical Institute as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UTI. BlackRock Inc. purchased a new stake in Universal Technical Institute during the second quarter valued at about $323,080,000. Coliseum Capital Management LLC increased its position in shares of Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after acquiring an additional 1,255,173 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Universal Technical Institute by 1,366.0% during the first quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after acquiring an additional 1,203,985 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Universal Technical Institute by 132.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after acquiring an additional 1,140,465 shares during the period. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of Universal Technical Institute in the 2nd quarter valued at approximately $46,879,000. 75.67% of the stock is owned by institutional investors.

Insider Activity at Universal Technical Institute

In related news, insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the sale, the insider directly owned 27,025 shares in the company, valued at approximately $1,081,000. This represents a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jerome Grant sold 94,500 shares of the stock in a transaction on 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 directly 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. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,099,045 shares of company stock valued at $128,294,100. Insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Up 2.7%

Shares of Universal Technical Institute stock opened at $22.19 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.37 and a beta of 1.17. The stock has a 50-day simple moving average of $34.52 and a 200-day simple moving average of $36.36. Universal Technical Institute Inc has a 52-week low of $20.33 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data 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 firm had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. On average, equities research analysts expect that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UTI. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. B. Riley Financial reduced their target price on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Truist Financial lowered their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.