Pullen Investment Management LLC Trims Position in Universal Technical Institute Inc $UTI

Pullen Investment Management LLC lessened its stake in shares of Universal Technical Institute Inc (NYSE:UTI) by 70.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,088 shares of the company’s stock after selling 46,141 shares during the period. Pullen Investment Management LLC’s holdings in Universal Technical Institute were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UTI. CWM LLC raised its holdings in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after acquiring an additional 1,110 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Universal Technical Institute during the 1st quarter worth $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth about $61,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth about $68,000. Finally, New York State Teachers Retirement System increased its position in shares of Universal Technical Institute by 17.0% during the 2nd quarter. New York State Teachers Retirement System now owns 4,254 shares of the company’s stock worth $144,000 after purchasing an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UTI shares. Barrington Research reissued an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Monday, September 29th. Wall Street Zen downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Universal Technical Institute in a research report on Friday. Finally, Zacks Research downgraded Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

Universal Technical Institute Stock Performance

NYSE UTI opened at $34.59 on Friday. The company has a market cap of $1.88 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.40 and a beta of 1.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50-day moving average of $29.27 and a two-hundred day moving average of $30.70. Universal Technical Institute Inc has a 1-year low of $16.25 and a 1-year high of $36.32.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. As a group, analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current year.

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.