Lisanti Capital Growth LLC Invests $2 Million in Universal Technical Institute Inc $UTI

Lisanti Capital Growth LLC bought a new stake in Universal Technical Institute Inc (NYSE:UTI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,715 shares of the company’s stock, valued at approximately $1,998,000.

A number of other hedge funds have also recently modified their holdings of UTI. BlackRock Inc. acquired a new stake in Universal Technical Institute during the 2nd quarter worth $323,080,000. Coliseum Capital Management LLC boosted its stake in Universal Technical Institute by 46.2% in the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock valued at $103,774,000 after acquiring an additional 1,255,173 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Universal Technical Institute by 22.5% during the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after purchasing an additional 433,824 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after buying an additional 1,140,465 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Universal Technical Institute by 65.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after buying an additional 631,070 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $24.31 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.34 billion, a P/E ratio of 39.21, a PEG ratio of 2.75 and a beta of 1.25. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $51.34. The company has a 50-day moving average price of $38.78 and a 200 day moving average price of $36.90.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The business had revenue of $218.91 million during the quarter, compared to analysts’ expectations of $220.40 million. Research analysts predict that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $181,800.00. Following the transaction, the insider directly owned 27,025 shares of the company’s stock, valued at $1,081,000. This represents a 14.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares of the company’s stock, valued at $13,898,601. This represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,102,545 shares of company stock worth $128,449,570 in the last ninety days. 9.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on UTI. B. Riley Financial reduced their price objective on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. Finally, Barrington Research upped their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Universal Technical Institute 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.