Punch & Associates Investment Management Inc. Buys New Shares in Universal Technical Institute Inc $UTI

Punch & Associates Investment Management Inc. purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,096,078 shares of the company’s stock, valued at approximately $46,879,000. Universal Technical Institute accounts for about 2.3% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest holding.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased 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 valued at $52,217,000 after purchasing an additional 1,140,465 shares in the last quarter. UBS Group AG lifted its stake in shares of Universal Technical Institute by 89.0% during the fourth quarter. UBS Group AG now owns 231,717 shares of the company’s stock worth $6,055,000 after purchasing an additional 109,100 shares in the last quarter. MYDA Advisors LLC purchased a new stake in shares of Universal Technical Institute in the fourth quarter worth about $1,322,000. Needham Investment Management LLC boosted its position in shares of Universal Technical Institute by 46.8% in the fourth quarter. Needham Investment Management LLC now owns 807,500 shares of the company’s stock worth $21,100,000 after buying an additional 257,500 shares during the period. Finally, Manatuck Hill Partners LLC grew its stake in shares of Universal Technical Institute by 342.8% in the fourth quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company’s stock valued at $6,919,000 after buying an additional 205,000 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 1.7%

UTI stock opened at $22.12 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $37.15 and a 200-day simple moving average of $36.72. The company has a market capitalization of $1.22 billion, a P/E ratio of 35.68, a PEG ratio of 2.47 and a beta of 1.25. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $51.34.

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

Insider Activity at Universal Technical Institute

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’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 completion of the sale, the director owned 971,440 shares of the company’s stock, valued at approximately $40,217,616. The trade was a 75.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christine Kline sold 3,500 shares of the company’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 completion of the sale, the chief accounting officer owned 43,006 shares in the company, valued at approximately $1,910,326.52. This trade represents a 7.53% 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 over the last quarter. Company insiders own 9.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UTI shares. Griffin Securities set a $49.00 target price on Universal Technical Institute in a report on Thursday, April 30th. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Truist Financial lowered their price objective on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Barrington Research lifted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, B. Riley Financial reduced their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute has a consensus rating of “Moderate Buy” and an average price target of $43.83.

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.