Greenwood Capital Associates LLC Sells 10,794 Shares of Universal Technical Institute Inc $UTI

Greenwood Capital Associates LLC lowered its stake in Universal Technical Institute Inc (NYSE:UTI) by 50.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,567 shares of the company’s stock after selling 10,794 shares during the period. Greenwood Capital Associates LLC’s holdings in Universal Technical Institute were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UTI. Royal Bank of Canada increased its holdings in shares of Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after buying an additional 14,364 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Universal Technical Institute during the 1st quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after acquiring an additional 5,216 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Universal Technical Institute during the 1st quarter worth $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after purchasing an additional 9,951 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 1.4%

NYSE UTI opened at $48.72 on Friday. The business’s 50-day moving average price is $40.80 and its two-hundred day moving average price is $35.17. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $51.34. The firm has a market capitalization of $2.68 billion, a PE ratio of 63.27, a price-to-earnings-growth ratio of 4.34 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

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

Insider Buying and Selling at Universal Technical Institute

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of the 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 completion of the sale, the director directly owned 971,440 shares in the company, valued at $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the transaction, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This represents a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,117,545 shares of company stock worth $128,998,420. Company insiders own 9.80% of the company’s stock.

Wall Street Analyst Weigh In

UTI has been the subject of several research reports. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Truist Financial upped their price objective on Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Barrington Research lifted their target price 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. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

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.