Universal Technical Institute, Inc. (NYSE:UTI) Stake Cut by Nkcfo LLC

Nkcfo LLC decreased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,000 shares of the company’s stock after selling 2,000 shares during the period. Universal Technical Institute comprises about 0.5% of Nkcfo LLC’s portfolio, making the stock its 29th largest holding. Nkcfo LLC owned approximately 0.10% of Universal Technical Institute worth $865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sei Investments Co. bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $777,000. Resolute Capital Asset Partners LLC acquired a new stake in shares of Universal Technical Institute during the 2nd quarter worth approximately $3,534,000. First Eagle Investment Management LLC lifted its holdings in shares of Universal Technical Institute by 37.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after purchasing an additional 140,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Universal Technical Institute by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after purchasing an additional 36,135 shares during the period. Finally, Federated Hermes Inc. grew its stake in Universal Technical Institute by 7,741.2% during the 2nd quarter. Federated Hermes Inc. now owns 71,355 shares of the company’s stock worth $1,122,000 after buying an additional 70,445 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $16.46 on Friday. The company has a 50-day moving average of $17.41 and a 200-day moving average of $15.91. The firm has a market cap of $885.56 million, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. Universal Technical Institute, Inc. has a twelve month low of $7.78 and a twelve month high of $19.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. The firm had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. Analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the subject of several analyst reports. B. Riley reissued a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Northland Securities boosted their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute presently has a consensus rating of “Buy” and a consensus price target of $21.60.

Insider Transactions at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 27.60% of the stock is owned by insiders.

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.