Envestnet Asset Management Inc. Purchases 61,971 Shares of Universal Technical Institute Inc $UTI

Envestnet Asset Management Inc. lifted its stake in Universal Technical Institute Inc (NYSE:UTI) by 68.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,499 shares of the company’s stock after acquiring an additional 61,971 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.28% of Universal Technical Institute worth $4,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans acquired a new position in Universal Technical Institute in the 3rd quarter valued at about $27,924,000. Baillie Gifford & Co. acquired a new position in Universal Technical Institute during the third quarter worth about $18,901,000. Loomis Sayles & Co. L P acquired a new position in Universal Technical Institute during the 2nd quarter worth approximately $18,559,000. Gilder Gagnon Howe & Co. LLC lifted its stake 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 acquiring an additional 392,079 shares during the last quarter. Finally, Hood River Capital Management LLC raised its position in Universal Technical Institute by 35.2% in the second quarter. Hood River Capital Management LLC now owns 1,380,785 shares of the company’s stock valued at $46,795,000 after purchasing an additional 359,193 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on UTI shares. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, February 5th. Wall Street Zen downgraded Universal Technical Institute from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings cut shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Coliseum Capital Management, L purchased 191,830 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $25.38 per share, for a total transaction of $4,868,645.40. Following the completion of the purchase, the director owned 3,971,440 shares of the company’s stock, valued at approximately $100,795,147.20. The trade was a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carolyn Ann Frank sold 1,750 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $30.08, for a total value of $52,640.00. Following the sale, the senior vice president directly owned 30,272 shares in the company, valued at approximately $910,581.76. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 1,255,173 shares of company stock valued at $30,812,798. 9.80% of the stock is owned by corporate insiders.

Universal Technical Institute Trading Down 3.6%

Universal Technical Institute stock opened at $30.58 on Monday. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $36.32. The business’s fifty day simple moving average is $27.63 and its two-hundred day simple moving average is $28.01. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 2.65 and a beta of 1.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. The firm had revenue of $220.84 million for the quarter, compared to analysts’ expectations of $216.65 million. As a group, equities analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

About Universal Technical Institute

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.