Universal Technical Institute Inc $UTI Shares Bought by Militia Capital Partners LP

Militia Capital Partners LP raised its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 81.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 45,240 shares of the company’s stock after purchasing an additional 20,300 shares during the quarter. Militia Capital Partners LP’s holdings in Universal Technical Institute were worth $1,473,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Universal Technical Institute in the second quarter worth about $27,000. KBC Group NV acquired a new position in Universal Technical Institute during the second quarter worth about $34,000. PNC Financial Services Group Inc. grew its stake in Universal Technical Institute by 17,142.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after acquiring an additional 1,200 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute in the 1st quarter valued at about $57,000. Finally, State of Alaska Department of Revenue acquired a new stake in Universal Technical Institute in the 3rd quarter valued at about $92,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Sherrell Smith sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $36.99, for a total value of $1,109,700.00. Following the transaction, the executive vice president owned 129,375 shares of the company’s stock, valued at $4,785,581.25. This represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 60,040 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $34.95, for a total value of $2,098,398.00. Following the transaction, the chief executive officer owned 430,215 shares of the company’s stock, valued at approximately $15,036,014.25. This represents a 12.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 140,961 shares of company stock valued at $5,065,177 in the last ninety days. Company insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $36.09 on Tuesday. The company’s 50-day moving average is $30.41 and its two-hundred day moving average is $29.00. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $38.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 3.12 and a beta of 1.31.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $220.84 million during the quarter, compared to the consensus estimate of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. Analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UTI shares. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Weiss Ratings cut Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Barrington Research reiterated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, February 5th. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Universal Technical Institute Company 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.