Chatham Capital Group Inc. Buys 28,972 Shares of Universal Technical Institute Inc $UTI

Chatham Capital Group Inc. lifted its position in Universal Technical Institute Inc (NYSE:UTI) by 73.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,512 shares of the company’s stock after buying an additional 28,972 shares during the quarter. Chatham Capital Group Inc. owned approximately 0.13% of Universal Technical Institute worth $1,790,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in Universal Technical Institute during the 2nd quarter worth approximately $27,000. PNC Financial Services Group Inc. boosted its holdings in Universal Technical Institute by 17,142.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after purchasing an additional 1,200 shares during the period. NewEdge Advisors LLC bought a new position in Universal Technical Institute in the 1st quarter valued at $57,000. State of Alaska Department of Revenue purchased a new position in shares of Universal Technical Institute during the 3rd quarter valued at $92,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Universal Technical Institute by 77.5% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,201 shares of the company’s stock valued at $142,000 after purchasing an additional 1,834 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UTI. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, February 5th. Weiss Ratings lowered Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Universal Technical Institute Stock Performance

NYSE UTI opened at $37.27 on Monday. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $40.41. The company has a fifty day moving average of $32.26 and a 200-day moving average of $29.67. The company has a market capitalization of $2.05 billion, a P/E ratio of 38.42, a P/E/G ratio of 3.22 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14.

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

Insider Transactions at Universal Technical Institute

In other news, Director Shannon Lei Okinaka sold 10,000 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $34.74, for a total transaction of $347,400.00. Following the transaction, the director directly owned 19,808 shares in the company, valued at approximately $688,129.92. This represents a 33.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Todd A. Hitchcock sold 16,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $37.33, for a total value of $615,945.00. Following the completion of the sale, the chief operating officer owned 104,084 shares of the company’s stock, valued at $3,885,455.72. The trade was a 13.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 145,961 shares of company stock worth $5,248,127. Company insiders own 9.80% of the company’s stock.

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.