Manatuck Hill Partners LLC Acquires Shares of 65,800 Universal Technical Institute Inc $UTI

Manatuck Hill Partners LLC bought a new position in shares of Universal Technical Institute Inc (NYSE:UTI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 65,800 shares of the company’s stock, valued at approximately $2,814,000.

Several other large investors have also recently modified their holdings of the business. Leuthold Group LLC lifted its stake in shares of Universal Technical Institute by 0.3% during the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock valued at $3,704,000 after buying an additional 439 shares in the last quarter. Verition Fund Management LLC grew its stake in Universal Technical Institute by 2.1% in the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after buying an additional 441 shares in the last quarter. ANB Bank raised its holdings in Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after acquiring an additional 491 shares during the period. Engineers Gate Manager LP raised its holdings in Universal Technical Institute by 4.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after acquiring an additional 506 shares during the period. Finally, SkyView Investment Advisors LLC lifted its position in shares of Universal Technical Institute by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after acquiring an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Activity at Universal Technical Institute

In other news, insider Kevin Prehn sold 4,545 shares of the firm’s stock in a transaction 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 sale, the insider owned 27,025 shares in the company, valued at approximately $1,081,000. This trade represents a 14.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,102,545 shares of company stock worth $128,449,570 over the last quarter. 9.80% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Up 2.3%

UTI stock opened at $22.53 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $37.49 and its 200 day moving average is $36.74. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $51.34.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating 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 business had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Sell-side analysts predict that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barrington Research increased their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating 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 report on Thursday, August 6th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.