Quantinno Capital Management LP Has $1.66 Million Stake in Universal Technical Institute Inc $UTI

Quantinno Capital Management LP increased its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 383.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 45,979 shares of the company’s stock after purchasing an additional 36,463 shares during the quarter. Quantinno Capital Management LP’s holdings in Universal Technical Institute were worth $1,660,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UTI. Gibbs Wealth Management boosted its stake in Universal Technical Institute by 66.3% in the first quarter. Gibbs Wealth Management now owns 32,881 shares of the company’s stock valued at $1,187,000 after acquiring an additional 13,105 shares during the last quarter. Sei Investments Co. raised its position in shares of Universal Technical Institute by 371.5% during the 1st quarter. Sei Investments Co. now owns 139,682 shares of the company’s stock valued at $5,043,000 after acquiring an additional 110,056 shares during the last quarter. Militia Capital Management LLC acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at $7,220,000. PNC Financial Services Group Inc. lifted its stake in shares of Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Universal Technical Institute by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company’s stock worth $46,826,000 after purchasing an additional 9,153 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UTI has been the subject of a number of analyst reports. Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Barrington Research increased their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Northland Securities set a $41.00 target price on Universal Technical Institute in a report on Thursday, May 7th. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. Finally, B. Riley Financial lowered their price target on 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Insiders Place Their Bets

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction dated 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 transaction, the director owned 971,440 shares in the company, valued at $40,217,616. The trade was a 75.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares of the company’s stock, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,102,545 shares of company stock valued at $128,449,570 over the last ninety days. 9.80% of the stock is owned by insiders.

Universal Technical Institute Price Performance

Shares of UTI stock opened at $25.58 on Thursday. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $51.34. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. 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 firm has a fifty day moving average of $40.46 and a 200-day moving average of $37.00.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate 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%. On average, equities research 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.