Lisanti Capital Growth LLC Invests $2 Million in Universal Technical Institute Inc $UTI

Lisanti Capital Growth LLC acquired a new stake in Universal Technical Institute Inc (NYSE:UTI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,715 shares of the company’s stock, valued at approximately $1,998,000. Lisanti Capital Growth LLC owned 0.08% of Universal Technical Institute at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after buying an additional 14,364 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Universal Technical Institute during the first quarter valued at about $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after acquiring an additional 5,216 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter valued at approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after acquiring an additional 9,951 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 2.9%

UTI stock opened at $24.31 on Thursday. The company’s 50 day moving average price is $38.78 and its 200 day moving average price is $36.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $51.34. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.75 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last issued 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. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The company had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. On average, equities research analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Insider Activity

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the sale, the director directly owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the sale, the chief executive officer directly owned 335,715 shares of the company’s stock, valued at $13,898,601. This trade represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,102,545 shares of company stock valued at $128,449,570 over the last quarter. Company insiders own 9.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UTI. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a report on Thursday, May 7th. B. Riley Financial decreased their price target on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Truist Financial dropped their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute presently has an average 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.