35,172 Shares in Universal Technical Institute Inc $UTI Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 35,172 shares of the company’s stock, valued at approximately $1,504,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Leuthold Group LLC lifted its position in Universal Technical Institute by 0.3% during the fourth quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after buying an additional 439 shares during the period. Verition Fund Management LLC increased its holdings in Universal Technical Institute by 2.1% in the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after purchasing an additional 441 shares in the last quarter. ANB Bank raised its holdings in shares of Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after buying an additional 491 shares during the period. Engineers Gate Manager LP lifted its position in shares of Universal Technical Institute by 4.3% during the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after purchasing an additional 506 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in Universal Technical Institute by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UTI. Barrington Research raised their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 6th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 7th. B. Riley Financial decreased their price target 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. Finally, Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Universal Technical Institute Stock Performance

Shares of NYSE UTI opened at $21.31 on Monday. The company has a market cap of $1.17 billion, a PE ratio of 34.37, a P/E/G ratio of 2.34 and a beta of 1.25. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. Universal Technical Institute Inc has a 12-month low of $20.85 and a 12-month high of $51.34. The stock has a 50 day simple moving average of $36.40 and a 200-day simple moving average of $36.66.

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

Insider Transactions 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 on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the sale, the director directly owned 971,440 shares of the company’s stock, valued at $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the transaction, the insider owned 27,025 shares of the company’s stock, valued at $1,081,000. This trade represents a 14.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,102,545 shares of company stock worth $128,449,570. Corporate insiders own 9.80% of the company’s stock.

About Universal Technical Institute

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.