MYDA Advisors LLC Buys New Position in Universal Technical Institute Inc $UTI

MYDA Advisors LLC purchased a new position in Universal Technical Institute Inc (NYSE:UTI) in the fourth quarter, HoldingsChannel reports. The firm purchased 50,579 shares of the company’s stock, valued at approximately $1,322,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Universal Technical Institute by 4.3% in the third quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock worth $112,508,000 after purchasing an additional 141,426 shares during the period. Wasatch Advisors LP boosted its position in shares of Universal Technical Institute by 22.5% in the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after purchasing an additional 433,824 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after purchasing an additional 1,140,465 shares during the period. American Century Companies Inc. boosted its position in shares of Universal Technical Institute by 1.7% in the third quarter. American Century Companies Inc. now owns 1,580,224 shares of the company’s stock worth $51,436,000 after purchasing an additional 26,025 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Universal Technical Institute by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,184,105 shares of the company’s stock worth $30,947,000 after purchasing an additional 12,007 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Rosenblatt Securities upped their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barrington Research upped their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Universal Technical Institute Price Performance

UTI stock opened at $38.95 on Monday. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $45.74. The company’s fifty day moving average price is $38.19 and its 200-day moving average price is $32.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $2.14 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 3.43 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. On average, equities analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Insider Activity at Universal Technical Institute

In related news, Director George W. Brochick sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $36.59, for a total transaction of $182,950.00. Following the sale, the director owned 27,516 shares of the company’s stock, valued at $1,006,810.44. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the sale, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. The trade was a 75.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,023,500 shares of company stock worth $125,087,270 over the last ninety days. 9.80% of the stock is owned by corporate insiders.

About Universal Technical Institute

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.