International Assets Investment Management LLC Raises Position in Universal Technical Institute, Inc. (NYSE:UTI)

International Assets Investment Management LLC boosted its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 1,526.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,065 shares of the company’s stock after buying an additional 3,815 shares during the period. International Assets Investment Management LLC’s holdings in Universal Technical Institute were worth $66,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after acquiring an additional 842,765 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Universal Technical Institute by 1.8% during the second 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 last quarter. American Century Companies Inc. grew its stake in Universal Technical Institute by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after buying an additional 39,553 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Universal Technical Institute in the 2nd quarter worth $9,032,000. Finally, First Eagle Investment Management LLC raised its position in shares of Universal Technical Institute by 37.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock valued at $8,162,000 after buying an additional 140,600 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

UTI opened at $19.42 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute, Inc. has a 1 year low of $9.18 and a 1 year high of $19.79. The stock’s 50 day simple moving average is $16.46 and its 200 day simple moving average is $16.25. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 1.21 and a beta of 1.34.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $177.46 million for the quarter, compared to analysts’ expectations of $172.33 million. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. During the same quarter last year, the business earned ($0.05) earnings per share. As a group, analysts predict that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UTI. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Northland Securities increased their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. B. Riley boosted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Finally, Truist Financial began coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They set a “buy” rating and a $22.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $22.20.

Insiders Place Their Bets

In other 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 transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 27.60% of the company’s stock.

Universal Technical Institute Company 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.