HighTower Advisors LLC Has $1.14 Million Stake in Universal Technical Institute Inc $UTI

HighTower Advisors LLC lifted its stake in shares of Universal Technical Institute Inc (NYSE:UTI) by 34.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,364 shares of the company’s stock after purchasing an additional 11,488 shares during the period. HighTower Advisors LLC owned approximately 0.08% of Universal Technical Institute worth $1,139,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. CWM LLC grew its position in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after buying an additional 1,110 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth approximately $61,000. USA Financial Formulas acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth approximately $84,000. Lazard Asset Management LLC acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth approximately $101,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth approximately $118,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

Shares of UTI opened at $26.57 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The firm’s 50 day moving average price is $30.65 and its two-hundred day moving average price is $29.89. The firm has a market cap of $1.45 billion, a P/E ratio of 23.31, a PEG ratio of 1.67 and a beta of 1.58.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The firm had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. On average, analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Lake Street Capital reiterated a “buy” rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 7th. Barrington Research reissued an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Truist Financial lifted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute presently has an average rating of “Buy” and a consensus target price of $35.83.

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.