SG Americas Securities LLC Invests $243,000 in Universal Technical Institute, Inc. (NYSE:UTI)

SG Americas Securities LLC bought a new position in Universal Technical Institute, Inc. (NYSE:UTI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,917 shares of the company’s stock, valued at approximately $243,000.

Several other large investors have also made changes to their positions in UTI. Los Angeles Capital Management LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter worth about $802,000. Hartline Investment Corp bought a new stake in Universal Technical Institute during the 1st quarter worth about $491,000. Precision Wealth Strategies LLC bought a new stake in Universal Technical Institute during the 1st quarter worth about $255,000. BNP Paribas Financial Markets grew its holdings in Universal Technical Institute by 34.8% during the 1st quarter. BNP Paribas Financial Markets now owns 45,439 shares of the company’s stock worth $724,000 after acquiring an additional 11,719 shares during the last quarter. Finally, Pullen Investment Management LLC bought a new stake in Universal Technical Institute during the 1st quarter worth about $874,000. Institutional investors own 75.67% of the company’s stock.

Insider Transactions at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $15.93 on Tuesday. The company has a market capitalization of $857.19 million, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. Universal Technical Institute, Inc. has a 52 week low of $7.78 and a 52 week high of $19.79. The company’s 50 day moving average price is $16.51 and its two-hundred day moving average price is $16.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. During the same period last year, the business earned ($0.05) EPS. On average, analysts expect that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UTI shares. Barrington Research reissued an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, August 7th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Northland Securities increased their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Finally, Truist Financial initiated coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $21.60.

Universal Technical Institute Profile

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.