Rockefeller Capital Management L.P. Decreases Position in Universal Technical Institute Inc $UTI

Rockefeller Capital Management L.P. decreased its holdings in Universal Technical Institute Inc (NYSE:UTI) by 33.4% in the fourth quarter, Holdings Channel reports. The firm owned 490,183 shares of the company’s stock after selling 245,985 shares during the period. Rockefeller Capital Management L.P.’s holdings in Universal Technical Institute were worth $12,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute during the 2nd quarter valued at about $27,000. Clearstead Advisors LLC boosted its holdings in Universal Technical Institute by 187.5% in 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 purchased a new stake in shares of Universal Technical Institute during the first quarter worth about $57,000. SBI Securities Co. Ltd. grew its stake in shares of Universal Technical Institute by 4,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after acquiring an additional 5,310 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter worth about $216,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction 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. The trade was a 14.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the sale, the director owned 971,440 shares in the company, valued at $40,217,616. The trade was a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,023,045 shares of company stock worth $125,086,120 in the last 90 days. Corporate insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Down 0.9%

Universal Technical Institute stock opened at $39.39 on Thursday. The business’s 50-day simple moving average is $38.70 and its two-hundred day simple moving average is $33.57. 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 cap of $2.17 billion, a PE ratio of 51.16, a PEG ratio of 3.49 and a beta of 1.25. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $45.74.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 7th. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research report on Thursday, April 30th. Rosenblatt Securities boosted their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

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.