Elevation Point Wealth Partners LLC Buys New Stake in Universal Technical Institute Inc $UTI

Elevation Point Wealth Partners LLC bought a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,050 shares of the company’s stock, valued at approximately $471,000.

Other institutional investors also recently added to or reduced their stakes in the company. Coliseum Capital Management LLC grew its position in Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock valued at $103,774,000 after buying an additional 1,255,173 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after buying an additional 433,824 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after buying an additional 1,140,465 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Universal Technical Institute by 65.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after acquiring an additional 631,070 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock worth $46,646,000 after acquiring an additional 1,203,985 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Activity

In other news, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda J. Srere sold 15,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. This represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UTI shares. Rosenblatt Securities upped their target price on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research note on Thursday, April 30th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Northland Securities set a $41.00 price objective on Universal Technical Institute in a report on Thursday, May 7th. Finally, Barrington Research raised their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Universal Technical Institute Price Performance

NYSE UTI opened at $49.33 on Thursday. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $51.34. The business’s fifty day moving average is $40.54 and its two-hundred day moving average is $35.01. The stock has a market capitalization of $2.72 billion, a P/E ratio of 64.07, a P/E/G ratio of 4.49 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17.

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

Universal Technical Institute 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.