Jupiter Topco LLC Makes New Investment in Universal Technical Institute Inc $UTI

Jupiter Topco LLC bought a new stake in Universal Technical Institute Inc (NYSE:UTI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,399 shares of the company’s stock, valued at approximately $1,087,000.

Several other institutional investors have also modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of Universal Technical Institute during the 2nd quarter valued at about $27,000. PNC Financial Services Group Inc. grew its holdings in shares of Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares during the period. Clearstead Advisors LLC increased its position in Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute during the first quarter worth about $57,000. Finally, State of Wyoming purchased a new position in Universal Technical Institute during the second quarter worth about $109,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Activity

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 335,715 shares in the company, valued at $13,898,601. This represents a 21.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the sale, the insider owned 27,025 shares in the company, valued at approximately $1,081,000. This trade represents a 14.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,099,045 shares of company stock valued at $128,294,100. 9.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. B. Riley Financial decreased 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 report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 6th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Truist Financial lowered their price objective on 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. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Universal Technical Institute Price Performance

UTI stock opened at $22.19 on Friday. The business’s fifty day moving average price is $34.52 and its 200 day moving average price is $36.36. Universal Technical Institute Inc has a 12-month low of $20.33 and a 12-month high of $51.34. 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 company has a market capitalization of $1.22 billion, a PE ratio of 35.79, a P/E/G ratio of 2.44 and a beta of 1.17.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $218.91 million during the quarter, compared to analysts’ expectations of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. On average, sell-side analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current year.

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.