Militia Capital Management LLC Makes New Investment in Universal Technical Institute Inc $UTI

Militia Capital Management LLC purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI) during the first quarter, Holdings Channel reports. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $7,220,000. Universal Technical Institute makes up approximately 1.6% of Militia Capital Management LLC’s portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute in the second quarter valued at about $27,000. PNC Financial Services Group Inc. increased its position in Universal Technical Institute by 543.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. Clearstead Advisors LLC increased its position in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after purchasing an additional 943 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter valued at about $57,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after purchasing an additional 5,310 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Christine Kline sold 3,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares in the company, valued at approximately $1,910,326.52. This represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda J. Srere sold 15,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares of the company’s stock, valued at $4,667,566.76. The trade was a 10.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,117,545 shares of company stock valued at $128,998,420. 9.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UTI. Truist Financial upped their price target on shares of Universal Technical Institute from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Northland Securities set a $41.00 target price on Universal Technical Institute in a report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.80.

Universal Technical Institute Stock Down 3.6%

Shares of Universal Technical Institute stock opened at $35.99 on Thursday. The firm’s 50 day moving average price is $41.64 and its 200-day moving average price is $36.12. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $51.34. The company has a market cap of $1.98 billion, a P/E ratio of 46.74, a PEG ratio of 3.27 and a beta of 1.23.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. On average, sell-side analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

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.