Universal Technical Institute Inc $UTI Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC decreased its position in Universal Technical Institute Inc (NYSE:UTI) by 44.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 242,393 shares of the company’s stock after selling 196,859 shares during the period. Granahan Investment Management LLC’s holdings in Universal Technical Institute were worth $8,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UTI. Chatham Capital Group Inc. raised its holdings in shares of Universal Technical Institute by 73.3% during the fourth quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock valued at $1,790,000 after buying an additional 28,972 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Universal Technical Institute by 132.9% in 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 in the last quarter. UBS Group AG grew its holdings in Universal Technical Institute by 89.0% in the 4th quarter. UBS Group AG now owns 231,717 shares of the company’s stock worth $6,055,000 after buying an additional 109,100 shares in the last quarter. Pullen Investment Management LLC increased its position in Universal Technical Institute by 129.7% in the 4th quarter. Pullen Investment Management LLC now owns 51,052 shares of the company’s stock valued at $1,334,000 after acquiring an additional 28,831 shares during the period. Finally, MYDA Advisors LLC acquired a new stake in Universal Technical Institute in the 4th quarter valued at approximately $1,322,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Activity

In other Universal Technical Institute news, Director Linda J. Srere sold 15,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were 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 approximately $4,667,566.76. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the transaction, the chief accounting officer owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,117,545 shares of company stock valued at $128,998,420 over the last quarter. Insiders own 9.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on UTI shares. Griffin Securities set a $49.00 price target on Universal Technical Institute in a research report on Thursday, April 30th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Truist Financial boosted 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Universal Technical Institute Stock Down 2.5%

Shares of UTI stock opened at $37.68 on Friday. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $51.34. The stock has a market cap of $2.07 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 3.39 and a beta of 1.23. The business’s fifty day moving average is $41.54 and its 200-day moving average is $36.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The company had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Equities analysts expect that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

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.