Park West Asset Management LLC Takes Position in Universal Technical Institute Inc $UTI

Park West Asset Management LLC purchased a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) during the 2nd quarter, Holdings Channel reports. The fund purchased 78,565 shares of the company’s stock, valued at approximately $3,360,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute in the second quarter valued at $27,000. PNC Financial Services Group Inc. raised its position in Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the period. Clearstead Advisors LLC raised its position in Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares during the period. NewEdge Advisors LLC bought a new stake in Universal Technical Institute in the first quarter worth about $57,000. Finally, State of Wyoming bought a new stake in Universal Technical Institute in the second quarter worth about $109,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, CAO Christine Kline sold 3,500 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the transaction, the chief accounting officer directly owned 43,006 shares in the company, valued at $1,910,326.52. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jerome Alan Grant sold 94,500 shares of the business’s 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 completion of the sale, the chief executive officer owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,102,545 shares of company stock valued at $128,449,570 in the last 90 days. Insiders own 9.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UTI. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Truist Financial reduced their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Northland Securities set a $41.00 target price on Universal Technical Institute in a research report on Thursday, May 7th. B. Riley Financial lowered their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Barrington Research upped their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Universal Technical Institute Trading Down 1.7%

UTI opened at $22.12 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $37.15 and its two-hundred day moving average is $36.72. The company has a market capitalization of $1.22 billion, a P/E ratio of 35.68, a PEG ratio of 2.47 and a beta of 1.25. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $51.34.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. Analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.

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.