88,751 Shares in Universal Technical Institute Inc $UTI Bought by Isthmus Partners LLC

Isthmus Partners LLC purchased a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 88,751 shares of the company’s stock, valued at approximately $2,319,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in Universal Technical Institute in the second quarter valued at $27,000. NewEdge Advisors LLC bought a new stake in Universal Technical Institute during the first quarter worth about $57,000. State of Alaska Department of Revenue purchased a new position in shares of Universal Technical Institute in the 3rd quarter worth about $92,000. SBI Securities Co. Ltd. boosted its holdings in shares of Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after purchasing an additional 5,310 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Universal Technical Institute during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analysts Set New Price Targets

UTI has been the topic of several research reports. Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Barrington Research lifted their target price 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. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Universal Technical Institute has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $39.62 on Friday. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $41.53. The stock has a market capitalization of $2.18 billion, a P/E ratio of 51.46, a P/E/G ratio of 3.64 and a beta of 1.28. The company’s 50-day moving average is $36.72 and its 200 day moving average is $31.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The business had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. On average, sell-side analysts expect that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Insider Activity

In other Universal Technical Institute news, Director Shannon Lei Okinaka sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.74, for a total transaction of $347,400.00. Following the completion of the sale, the director directly owned 19,808 shares in the company, valued at approximately $688,129.92. This trade represents a 33.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jerome Alan Grant sold 60,040 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $34.95, for a total transaction of $2,098,398.00. Following the sale, the chief executive officer directly owned 430,215 shares of the company’s stock, valued at $15,036,014.25. This trade represents a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 159,211 shares of company stock valued at $5,744,337. 9.80% of the stock is currently owned by insiders.

About Universal Technical Institute

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.