Polymer Capital Management HK LTD Invests $2.57 Million in Universal Technical Institute Inc $UTI

Polymer Capital Management HK LTD bought a new position in shares of Universal Technical Institute Inc (NYSE:UTI) in the second quarter, HoldingsChannel reports. The firm bought 60,000 shares of the company’s stock, valued at approximately $2,566,000.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying an additional 1,140,465 shares during the period. UBS Group AG boosted its position in shares of Universal Technical Institute by 89.0% in the 4th quarter. UBS Group AG now owns 231,717 shares of the company’s stock valued at $6,055,000 after purchasing an additional 109,100 shares during the period. MYDA Advisors LLC acquired a new stake in shares of Universal Technical Institute during the fourth quarter worth approximately $1,322,000. Needham Investment Management LLC grew its position in 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 acquiring an additional 257,500 shares in the last quarter. Finally, Manatuck Hill Partners LLC lifted its position in shares of Universal Technical Institute by 342.8% during the 4th quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company’s stock worth $6,919,000 after purchasing an additional 205,000 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research boosted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Finally, B. Riley Financial cut their target price on shares of 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Universal Technical Institute Price Performance

Shares of UTI opened at $22.36 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $38.10 and its 200 day moving average is $36.82. The stock has a market cap of $1.23 billion, a P/E ratio of 36.06, a P/E/G ratio of 2.45 and a beta of 1.25. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $51.34.

Universal Technical Institute (NYSE:UTI) last released its 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. The company had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. Sell-side analysts anticipate that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Insider Activity at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 94,500 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction dated 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 directly owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,102,545 shares of company stock valued at $128,449,570. Company 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.