Universal Technical Institute, Inc. (NYSE:UTI) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 37.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,888 shares of the company’s stock after acquiring an additional 140,600 shares during the period. First Eagle Investment Management LLC owned about 0.96% of Universal Technical Institute worth $8,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in Universal Technical Institute in the second quarter worth about $43,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after acquiring an additional 9,512 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after acquiring an additional 3,643 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter valued at approximately $181,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Universal Technical Institute during the 1st quarter valued at approximately $183,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

NYSE UTI opened at $16.91 on Friday. The company has a 50-day moving average price of $17.40 and a two-hundred day moving average price of $15.89. Universal Technical Institute, Inc. has a 52 week low of $7.78 and a 52 week high of $19.79. The stock has a market cap of $909.93 million, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. 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 issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $177.46 million during the quarter, compared to analyst estimates of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same period in the prior year, the company posted ($0.05) EPS. Analysts forecast that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial initiated coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price objective for the company. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, B. Riley reiterated a “buy” rating and set a $22.00 price target (up from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $21.60.

Insider Activity

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

About Universal Technical Institute

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.