Universal Technical Institute Inc $UTI Stock Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its holdings in Universal Technical Institute Inc (NYSE:UTI) by 26.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,120 shares of the company’s stock after selling 315,340 shares during the quarter. Conestoga Capital Advisors LLC owned about 1.57% of Universal Technical Institute worth $16,170,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Guardian Wealth Management Inc. raised its stake in shares of Universal Technical Institute by 35.7% during the 3rd quarter. Guardian Wealth Management Inc. now owns 192,116 shares of the company’s stock worth $3,587,000 after purchasing an additional 50,572 shares in the last quarter. Covestor Ltd raised its position in Universal Technical Institute by 536.9% during the third quarter. Covestor Ltd now owns 2,624 shares of the company’s stock valued at $49,000 after acquiring an additional 2,212 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Universal Technical Institute by 7.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,400 shares of the company’s stock valued at $232,000 after acquiring an additional 900 shares during the last quarter. State of Wyoming lifted its stake in Universal Technical Institute by 629.0% in the third quarter. State of Wyoming now owns 18,589 shares of the company’s stock valued at $347,000 after acquiring an additional 16,039 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Universal Technical Institute by 845.2% in the third quarter. Sterling Capital Management LLC now owns 1,588 shares of the company’s stock worth $30,000 after acquiring an additional 1,420 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

NYSE UTI opened at $22.32 on Thursday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 1.98 and a beta of 1.18. Universal Technical Institute Inc has a 1-year low of $18.02 and a 1-year high of $51.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The business’s fifty day moving average price is $20.87 and its 200-day moving average price is $32.15.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UTI shares. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. B. Riley Financial lowered their price target on shares of Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Northland Securities set a $35.00 price target on Universal Technical Institute in a research note on Thursday, September 10th. Texas Capital downgraded Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Truist Financial reduced their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.33.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.