New York State Teachers Retirement System Boosts Position in Universal Technical Institute Inc $UTI

New York State Teachers Retirement System boosted its position in shares of Universal Technical Institute Inc (NYSE:UTI) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,254 shares of the company’s stock after purchasing an additional 618 shares during the quarter. New York State Teachers Retirement System’s holdings in Universal Technical Institute were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Universal Technical Institute by 11.2% in the first quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company’s stock worth $78,392,000 after acquiring an additional 306,984 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Universal Technical Institute by 58.3% in the first quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company’s stock worth $75,101,000 after acquiring an additional 1,077,076 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Universal Technical Institute in the second quarter worth $63,265,000. American Century Companies Inc. raised its holdings in shares of Universal Technical Institute by 38.1% in the first quarter. American Century Companies Inc. now owns 1,343,822 shares of the company’s stock worth $34,509,000 after acquiring an additional 370,660 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its holdings in shares of Universal Technical Institute by 5.8% in the first quarter. Next Century Growth Investors LLC now owns 1,049,742 shares of the company’s stock worth $26,957,000 after acquiring an additional 57,990 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Universal Technical Institute Stock Performance

Shares of NYSE:UTI opened at $33.99 on Friday. The firm has a market capitalization of $1.85 billion, a PE ratio of 29.81, a P/E/G ratio of 2.28 and a beta of 1.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $29.10 and a two-hundred day moving average of $30.61. Universal Technical Institute Inc has a 12 month low of $16.08 and a 12 month high of $36.32.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. As a group, research analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Universal Technical Institute Company Profile

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.