Hsbc Holdings PLC Invests $256,000 in Universal Technical Institute Inc $UTI

Hsbc Holdings PLC acquired a new position in shares of Universal Technical Institute Inc (NYSE:UTI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,096 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors also recently modified their holdings of UTI. Envestnet Asset Management Inc. acquired a new position in shares of Universal Technical Institute during the 4th quarter worth about $203,000. Price T Rowe Associates Inc. MD increased its stake in shares of Universal Technical Institute by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,994 shares of the company’s stock worth $900,000 after purchasing an additional 6,163 shares during the last quarter. Northern Trust Corp increased its stake in shares of Universal Technical Institute by 8.6% during the 4th quarter. Northern Trust Corp now owns 373,754 shares of the company’s stock worth $9,609,000 after purchasing an additional 29,755 shares during the last quarter. Comerica Bank grew its stake in Universal Technical Institute by 5,171.6% in the 4th quarter. Comerica Bank now owns 12,072 shares of the company’s stock valued at $310,000 after buying an additional 11,843 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Universal Technical Institute by 15.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company’s stock valued at $2,332,000 after acquiring an additional 12,017 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on UTI. Wall Street Zen cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, August 7th. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Truist Financial increased their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, Lake Street Capital reissued a “buy” rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Buy” and an average target price of $35.83.

Universal Technical Institute Stock Performance

Shares of NYSE:UTI opened at $27.27 on Friday. The company’s 50 day moving average price is $29.73 and its two-hundred day moving average price is $29.83. Universal Technical Institute Inc has a 12-month low of $15.14 and a 12-month high of $36.32. The firm has a market cap of $1.48 billion, a PE ratio of 23.92, a PEG ratio of 1.73 and a beta of 1.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Equities research analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current year.

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.