Greenwood Capital Associates LLC Has $381,000 Stock Holdings in Universal Technical Institute Inc $UTI

Greenwood Capital Associates LLC decreased its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 50.5% during the 1st quarter, Holdings Channel reports. The firm owned 10,567 shares of the company’s stock after selling 10,794 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Universal Technical Institute were worth $381,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UTI. Moran Wealth Management LLC increased its holdings in Universal Technical Institute by 49.9% in the first quarter. Moran Wealth Management LLC now owns 39,754 shares of the company’s stock worth $1,435,000 after purchasing an additional 13,233 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $944,000. Elevation Point Wealth Partners LLC bought a new position in shares of Universal Technical Institute during the 1st quarter worth approximately $471,000. Conestoga Capital Advisors LLC grew its position in shares of Universal Technical Institute by 1,366.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock worth $46,646,000 after buying an additional 1,203,985 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth approximately $542,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 1.4%

UTI stock opened at $48.72 on Friday. The firm has a market capitalization of $2.68 billion, a PE ratio of 63.27, a P/E/G ratio of 4.34 and a beta of 1.23. 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 twelve month low of $21.29 and a twelve month high of $51.34. The stock’s 50 day moving average is $40.80 and its 200-day moving average is $35.17.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $221.40 million during 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%. Sell-side analysts expect that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UTI. Truist Financial lifted their price objective on shares of Universal Technical Institute from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Barrington Research increased their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Insider Transactions at Universal Technical Institute

In other news, CAO Christine Kline sold 3,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the sale, the chief executive officer owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is owned by insiders.

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.