Goldman Sachs Group Inc. lessened its position in shares of Universal Technical Institute Inc (NYSE:UTI – Free Report) by 30.6% in the 1st quarter, HoldingsChannel reports. The fund owned 148,779 shares of the company’s stock after selling 65,628 shares during the period. Goldman Sachs Group Inc.’s holdings in Universal Technical Institute were worth $3,821,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Universal Technical Institute by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company’s stock valued at $704,000 after buying an additional 776 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Universal Technical Institute by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company’s stock valued at $578,000 after purchasing an additional 777 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Universal Technical Institute by 6.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company’s stock valued at $331,000 after purchasing an additional 783 shares during the last quarter. CWM LLC raised its position in Universal Technical Institute by 105.0% in the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock valued at $56,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Precision Wealth Strategies LLC raised its position in Universal Technical Institute by 5.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 25,874 shares of the company’s stock valued at $664,000 after purchasing an additional 1,296 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.
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Wall Street Analyst Weigh In
Several research firms recently commented on UTI. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Lake Street Capital restated a “buy” rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Truist Financial upped their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $35.83.
View Our Latest Stock Analysis on UTI
Universal Technical Institute Price Performance
Universal Technical Institute stock opened at $27.66 on Thursday. Universal Technical Institute Inc has a 12-month low of $15.14 and a 12-month high of $36.32. The stock has a market capitalization of $1.51 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.73 and a beta of 1.65. The firm’s 50-day moving average is $28.84 and its two-hundred day moving average is $29.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00.
Universal Technical Institute (NYSE:UTI – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The company had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $200.01 million. Equities analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current year.
Universal Technical Institute Company Profile
(Free Report)
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.
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