Rhumbline Advisers Has $855,000 Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Rhumbline Advisers decreased its position in Universal Technical Institute, Inc. (NYSE:UTI) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,327 shares of the company’s stock after selling 1,501 shares during the quarter. Rhumbline Advisers owned 0.10% of Universal Technical Institute worth $855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Universal Technical Institute by 18.6% in the 4th quarter. BNP Paribas Financial Markets now owns 33,720 shares of the company’s stock valued at $422,000 after acquiring an additional 5,295 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Universal Technical Institute by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,840,356 shares of the company’s stock valued at $23,041,000 after acquiring an additional 63,445 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of Universal Technical Institute by 241.9% in the 4th quarter. Trexquant Investment LP now owns 55,116 shares of the company’s stock valued at $690,000 after acquiring an additional 38,994 shares in the last quarter. Premier Fund Managers Ltd grew its holdings in shares of Universal Technical Institute by 75.4% in the 4th quarter. Premier Fund Managers Ltd now owns 49,454 shares of the company’s stock valued at $623,000 after acquiring an additional 21,257 shares in the last quarter. Finally, Cannell Capital LLC bought a new position in shares of Universal Technical Institute in the 4th quarter valued at about $452,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 0.9 %

Shares of NYSE:UTI opened at $16.32 on Tuesday. Universal Technical Institute, Inc. has a 12-month low of $7.78 and a 12-month high of $19.79. The stock has a market cap of $878.03 million, a PE ratio of 45.33, a P/E/G ratio of 1.58 and a beta of 1.35. The business has a 50 day moving average of $17.40 and a 200-day moving average of $15.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. The company had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. As a group, equities research analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current year.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the sale, the chief executive officer now directly owns 136,443 shares in the company, valued at $2,391,845.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 27.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UTI shares. Truist Financial started coverage on Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price objective for the company. Barrington Research reiterated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, August 7th. Northland Securities lifted their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, B. Riley reiterated a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.60.

About Universal Technical Institute

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.