Lisanti Capital Growth LLC Invests $731,000 in Universal Technical Institute Inc $UTI

Lisanti Capital Growth LLC acquired a new position in Universal Technical Institute Inc (NYSE:UTI) in the second quarter, Holdings Channel reports. The institutional investor acquired 21,570 shares of the company’s stock, valued at approximately $731,000.

A number of other large investors have also recently made changes to their positions in the business. Congress Asset Management Co. purchased a new position in shares of Universal Technical Institute in the 2nd quarter worth approximately $63,265,000. Lord Abbett & CO. LLC increased its holdings in Universal Technical Institute by 58.3% during the first quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company’s stock valued at $75,101,000 after buying an additional 1,077,076 shares during the period. Driehaus Capital Management LLC purchased a new stake in Universal Technical Institute during the first quarter worth $20,631,000. American Century Companies Inc. increased its holdings in shares of Universal Technical Institute by 38.1% in the 1st quarter. American Century Companies Inc. now owns 1,343,822 shares of the company’s stock valued at $34,509,000 after acquiring an additional 370,660 shares during the period. Finally, Westwind Capital bought a new position in shares of Universal Technical Institute in the 2nd quarter worth $10,424,000. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Price Performance

NYSE:UTI opened at $28.23 on Friday. 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 company has a 50 day moving average price of $30.04 and a 200-day moving average price of $30.95. Universal Technical Institute Inc has a 1-year low of $19.40 and a 1-year high of $36.32. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.55.

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

Analyst Ratings Changes

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

Universal Technical Institute 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.