Intech Investment Management LLC Reduces Stock Position in Universal Technical Institute Inc $UTI

Intech Investment Management LLC reduced its stake in Universal Technical Institute Inc (NYSE:UTI) by 9.3% in the second quarter, Holdings Channel.com reports. The fund owned 23,874 shares of the company’s stock after selling 2,459 shares during the period. Intech Investment Management LLC’s holdings in Universal Technical Institute were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in Universal Technical Institute during the 2nd quarter worth about $28,000. KBC Group NV bought a new stake in shares of Universal Technical Institute during the second quarter valued at about $34,000. PNC Financial Services Group Inc. increased its position in shares of Universal Technical Institute by 17,142.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after buying an additional 1,200 shares during the period. CWM LLC lifted its holdings in shares of Universal Technical Institute by 105.0% in the first quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after buying an additional 1,110 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Universal Technical Institute in the first quarter valued at approximately $57,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Stock Up 1.1%

Shares of NYSE:UTI opened at $23.17 on Thursday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.27 and a beta of 1.55. The stock’s 50-day moving average price is $29.91 and its 200-day moving average price is $30.72. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $36.32.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, November 19th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $222.44 million for the quarter, compared to analysts’ expectations of $219.33 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Universal Technical Institute has set its FY 2026 guidance at 0.710-0.800 EPS. On average, equities analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research downgraded shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, November 20th. Wall Street Zen lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Rosenblatt Securities restated a “buy” rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Universal Technical Institute in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.83.

Universal Technical Institute Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.