Prevail Innovative Wealth Advisors LLC Purchases New Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Prevail Innovative Wealth Advisors LLC acquired a new position in Universal Technical Institute, Inc. (NYSE:UTI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 119,222 shares of the company’s stock, valued at approximately $1,875,000. Prevail Innovative Wealth Advisors LLC owned 0.22% of Universal Technical Institute at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after buying an additional 842,765 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Universal Technical Institute during the second quarter worth about $9,032,000. Pembroke Management LTD grew its position in shares of Universal Technical Institute by 646.3% during the second quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock worth $5,809,000 after acquiring an additional 319,820 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Universal Technical Institute by 2,058.7% in the 1st quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock worth $4,763,000 after acquiring an additional 285,005 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Universal Technical Institute by 341.1% in the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock valued at $5,329,000 after purchasing an additional 258,532 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 2.1 %

Universal Technical Institute stock opened at $16.54 on Friday. Universal Technical Institute, Inc. has a 52 week low of $7.78 and a 52 week high of $19.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $890.02 million, a price-to-earnings ratio of 45.95, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a 50 day moving average price of $17.36 and a 200 day moving average price of $15.84.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $177.46 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted ($0.05) earnings per share. Research analysts forecast that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction that occurred on 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 directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UTI. 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. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday. Finally, Northland Securities lifted their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $21.60.

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.