Universal Technical Institute, Inc. (NYSE:UTI) Position Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,110 shares of the company’s stock after buying an additional 7,320 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.16% of Universal Technical Institute worth $1,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. RiverPark Advisors LLC bought a new stake in Universal Technical Institute in the second quarter worth about $43,000. International Assets Investment Management LLC boosted its holdings in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after purchasing an additional 9,512 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Universal Technical Institute by 54.2% in the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after purchasing an additional 3,643 shares during the period. Finally, ProShare Advisors LLC bought a new position in shares of Universal Technical Institute during the 2nd quarter worth about $167,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock traded up $0.12 during trading hours on Friday, hitting $16.76. 32,271 shares of the company’s stock traded hands, compared to its average volume of 527,058. The company has a fifty day simple moving average of $16.41 and a 200-day simple moving average of $16.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $901.86 million, a price-to-earnings ratio of 33.28, a PEG ratio of 1.25 and a beta of 1.35. Universal Technical Institute, Inc. has a 12-month low of $8.91 and a 12-month high of $19.79.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same period in the previous year, the company posted ($0.05) earnings per share. Equities research analysts anticipate that Universal Technical Institute, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UTI shares. Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Northland Securities upped their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Truist Financial initiated coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $21.60.

Insider Transactions at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares in the company, valued at $2,391,845.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.60% of the company’s stock.

Universal Technical Institute Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.