CenterBook Partners LP Acquires 300,575 Shares of Universal Technical Institute Inc $UTI

by · The Cerbat Gem

CenterBook Partners LP bought a new position in shares of Universal Technical Institute Inc (NYSE:UTI – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 300,575 shares of the company’s stock, valued at approximately $5,612,000. CenterBook Partners LP owned approximately 0.55% of Universal Technical Institute at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ANB Bank raised its holdings in Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock worth $323,000 after buying an additional 491 shares during the period. Nykredit A S bought a new stake in shares of Universal Technical Institute in the second quarter worth $25,000. PNC Financial Services Group Inc. boosted its holdings in Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Universal Technical Institute by 7.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,400 shares of the company’s stock worth $232,000 after purchasing an additional 900 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Universal Technical Institute by 9.4% in the second quarter. HighTower Advisors LLC now owns 10,785 shares of the company’s stock valued at $461,000 after purchasing an additional 929 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

UTI traded up $0.33 on Friday, reaching $20.02. The company had a trading volume of 1,533,524 shares, compared to its average volume of 1,366,338. The stock has a market cap of $1.10 billion, a P/E ratio of 32.28, a P/E/G ratio of 1.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Universal Technical Institute Inc has a fifty-two week low of $18.02 and a fifty-two week high of $51.34. The company’s fifty day moving average is $20.78 and its 200 day moving average is $32.07.

Universal Technical Institute (NYSE:UTI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. As a group, analysts predict that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the topic of several analyst reports. Texas Capital cut shares of Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. B. Riley Financial cut their price objective on Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Universal Technical Institute in a report on Thursday, August 6th. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Finally, Northland Securities set a $35.00 target price on shares of Universal Technical Institute in a research note on Thursday, September 10th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

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Universal Technical Institute Company Profile

(Free Report)

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.

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