Universal Technical Institute Inc $UTI Shares Newly Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new position in Universal Technical Institute Inc (NYSE:UTI) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 300,575 shares of the company’s stock, valued at approximately $5,612,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UTI. BlackRock Inc. bought a new position in shares of Universal Technical Institute during the second quarter worth approximately $323,080,000. Punch & Associates Investment Management Inc. acquired a new stake in Universal Technical Institute during the second quarter worth approximately $46,879,000. AWM Investment Company Inc. acquired a new stake in Universal Technical Institute during the second quarter worth approximately $20,919,000. Pillsbury Lake Capital LLC acquired a new stake in Universal Technical Institute during the second quarter worth approximately $13,752,950. Finally, Bank of America Corp DE bought a new position in Universal Technical Institute during the 2nd quarter worth $13,642,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UTI. Texas Capital cut Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Truist Financial dropped their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Northland Securities set a $35.00 price objective on shares of Universal Technical Institute in a research report on Thursday, September 10th. Finally, B. Riley Financial reduced their price objective on shares of Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average target price of $42.33.

Universal Technical Institute Price Performance

UTI traded up $0.33 during trading on Friday, hitting $20.02. 1,533,524 shares of the stock traded hands, compared to its average volume of 1,366,338. Universal Technical Institute Inc has a twelve month low of $18.02 and a twelve month high of $51.34. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50 day moving average price of $20.78 and a 200 day moving average price of $32.07.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Equities research analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.