Universal Technical Institute Inc $UTI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 1,534.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,877 shares of the company’s stock after buying an additional 75,928 shares during the period. SG Americas Securities LLC’s holdings in Universal Technical Institute were worth $2,920,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in UTI. Leuthold Group LLC grew its stake in shares of Universal Technical Institute by 0.3% in the fourth quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after acquiring an additional 439 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Universal Technical Institute by 2.1% in the third quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after acquiring an additional 441 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after acquiring an additional 506 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in Universal Technical Institute by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after purchasing an additional 506 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Universal Technical Institute by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 8,530 shares of the company’s stock valued at $223,000 after purchasing an additional 549 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the transaction, the director owned 971,440 shares in the company, valued at $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is currently owned by company insiders.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $42.83 on Wednesday. The company has a market cap of $2.36 billion, a P/E ratio of 55.62, a PEG ratio of 3.63 and a beta of 1.25. The firm has a fifty day moving average price of $39.09 and a 200 day moving average price of $34.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $45.74.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Sell-side analysts predict that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research boosted their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

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.