Baillie Gifford & Co. purchased a new stake in Universal Technical Institute Inc (NYSE:UTI – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 580,673 shares of the company’s stock, valued at approximately $18,901,000. Baillie Gifford & Co. owned 1.07% of Universal Technical Institute at the end of the most recent reporting period.
Several other large investors have also modified their holdings of UTI. Loomis Sayles & Co. L P acquired a new stake in shares of Universal Technical Institute in the second quarter worth approximately $18,559,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Universal Technical Institute by 464.5% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 476,483 shares of the company’s stock valued at $16,148,000 after purchasing an additional 392,079 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Universal Technical Institute by 35.2% during the 2nd quarter. Hood River Capital Management LLC now owns 1,380,785 shares of the company’s stock valued at $46,795,000 after buying an additional 359,193 shares during the period. CW Advisors LLC purchased a new stake in shares of Universal Technical Institute during the 2nd quarter valued at $8,529,000. Finally, First Trust Advisors LP acquired a new stake in shares of Universal Technical Institute during the 2nd quarter worth $7,573,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Universal Technical Institute news, Director Coliseum Capital Management, L bought 467,020 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average cost of $24.40 per share, for a total transaction of $11,395,288.00. Following the completion of the purchase, the director directly owned 3,424,374 shares of the company’s stock, valued at approximately $83,554,725.60. The trade was a 15.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 1,255,173 shares of company stock valued at $30,812,798. Corporate insiders own 15.10% of the company’s stock.
Universal Technical Institute Stock Down 2.1%
Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its earnings results on Wednesday, November 19th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $222.44 million for the quarter, compared to analysts’ expectations of $219.33 million. Universal Technical Institute had a net margin of 7.54% and a return on equity of 20.85%. Universal Technical Institute has set its FY 2026 guidance at 0.710-0.800 EPS. As a group, sell-side analysts predict that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.
Wall Street Analyst Weigh In
UTI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Universal Technical Institute in a report on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, November 20th. Barrington Research reiterated an “outperform” rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Wednesday. Finally, Zacks Research lowered shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and an average price target of $35.83.
Check Out Our Latest Report on Universal Technical Institute
Universal Technical Institute Company Profile
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.
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