Navellier & Associates Inc. Purchases 32,134 Shares of Universal Technical Institute Inc $UTI

Navellier & Associates Inc. lifted its position in shares of Universal Technical Institute Inc (NYSE:UTI) by 29.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,418 shares of the company’s stock after purchasing an additional 32,134 shares during the period. Navellier & Associates Inc. owned about 0.26% of Universal Technical Institute worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in Universal Technical Institute during the 2nd quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in shares of Universal Technical Institute during the second quarter valued at $28,000. KBC Group NV acquired a new position in shares of Universal Technical Institute during the second quarter worth $34,000. PNC Financial Services Group Inc. grew its stake in shares of Universal Technical Institute by 17,142.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after purchasing an additional 1,200 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Universal Technical Institute in the first quarter worth $57,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on UTI. Barrington Research reaffirmed an “outperform” rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, February 5th. Weiss Ratings downgraded Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wall Street Zen cut Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.20.

Universal Technical Institute Stock Up 3.2%

Shares of Universal Technical Institute stock opened at $26.34 on Tuesday. The stock’s 50-day moving average is $26.75 and its 200 day moving average is $28.14. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $36.32. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.21 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $220.84 million for the quarter, compared to analyst estimates of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. Equities research analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Coliseum Capital Management, L acquired 191,830 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average price of $25.38 per share, for a total transaction of $4,868,645.40. Following the completion of the acquisition, the director owned 3,971,440 shares of the company’s stock, valued at approximately $100,795,147.20. This trade represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 1,255,173 shares of company stock valued at $30,812,798 over the last ninety days. Insiders own 9.80% of the company’s stock.

Universal Technical Institute 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.