Punch & Associates Investment Management Inc. Reduces Holdings in Universal Technical Institute Inc $UTI

Punch & Associates Investment Management Inc. reduced its stake in Universal Technical Institute Inc (NYSE:UTI) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,076,866 shares of the company’s stock after selling 92,977 shares during the period. Universal Technical Institute accounts for 2.2% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 3rd biggest holding. Punch & Associates Investment Management Inc.’s holdings in Universal Technical Institute were worth $38,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barrington Research lifted their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Truist Financial increased their price target on 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 restated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a report on Thursday, April 30th. Finally, Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Insiders Place Their Bets

In related news, insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the completion of the sale, the insider directly owned 27,025 shares in the company, valued at $1,081,000. This represents a 14.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the sale, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. The trade was a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,117,545 shares of company stock worth $128,998,420. Insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $37.68 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 3.39 and a beta of 1.23. The company’s 50 day moving average is $41.54 and its 200 day moving average is $36.22. 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.

Universal Technical Institute (NYSE:UTI) last issued 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 during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. On average, sell-side analysts anticipate 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.