Teacher Retirement System of Texas Decreases Stake in Universal Technical Institute Inc $UTI

Teacher Retirement System of Texas cut its stake in shares of Universal Technical Institute Inc (NYSE:UTI) by 12.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 31,838 shares of the company’s stock after selling 4,715 shares during the quarter. Teacher Retirement System of Texas’ holdings in Universal Technical Institute were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in UTI. CWM LLC grew its stake in Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock valued at $56,000 after purchasing an additional 1,110 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute during the first quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Universal Technical Institute in the first quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd acquired a new position in Universal Technical Institute in the 1st quarter worth approximately $68,000. Finally, New York State Teachers Retirement System raised its position in Universal Technical Institute by 17.0% during the 2nd quarter. New York State Teachers Retirement System now owns 4,254 shares of the company’s stock worth $144,000 after buying an additional 618 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on UTI shares. Zacks Research downgraded shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Universal Technical Institute in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Barrington Research reiterated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Monday, September 29th. Finally, Wall Street Zen downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.83.

Universal Technical Institute Stock Up 0.4%

UTI opened at $28.23 on Friday. The company has a fifty day moving average of $30.01 and a two-hundred day moving average of $30.90. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.27 and a beta of 1.55. Universal Technical Institute Inc has a fifty-two week low of $18.90 and a fifty-two week high of $36.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The firm had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $200.01 million. On average, research analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current year.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.