Universal Technical Institute Inc $UTI Stock Holdings Lessened by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Universal Technical Institute Inc (NYSE:UTI) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,532 shares of the company’s stock after selling 578 shares during the period. Voya Investment Management LLC’s holdings in Universal Technical Institute were worth $296,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Universal Technical Institute by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company’s stock valued at $704,000 after purchasing an additional 776 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Universal Technical Institute by 6.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company’s stock valued at $331,000 after purchasing an additional 783 shares during the period. CWM LLC raised its stake in Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock valued at $56,000 after purchasing an additional 1,110 shares during the period. Precision Wealth Strategies LLC raised its stake in Universal Technical Institute by 5.3% during the 1st quarter. Precision Wealth Strategies LLC now owns 25,874 shares of the company’s stock valued at $664,000 after purchasing an additional 1,296 shares during the period. Finally, Militia Capital Partners LP raised its stake in Universal Technical Institute by 10.4% during the 1st quarter. Militia Capital Partners LP now owns 18,040 shares of the company’s stock valued at $463,000 after purchasing an additional 1,700 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UTI. Rosenblatt Securities reissued a “buy” rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Barrington Research restated an “outperform” rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $35.83.

Universal Technical Institute Trading Up 3.8%

Universal Technical Institute stock opened at $31.86 on Monday. The company’s fifty day simple moving average is $28.54 and its 200-day simple moving average is $30.00. 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 Inc has a 12 month low of $15.14 and a 12 month high of $36.32. The stock has a market cap of $1.73 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.00 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. As a group, sell-side analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

About Universal Technical Institute

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.