Nisa Investment Advisors LLC Cuts Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Nisa Investment Advisors LLC trimmed its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 232,265 shares of the company’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Universal Technical Institute were worth $3,777,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. RiverPark Advisors LLC acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $43,000. International Assets Investment Management LLC increased its stake in Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after acquiring an additional 9,512 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Universal Technical Institute by 54.2% in the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after acquiring an additional 3,643 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Universal Technical Institute in the second quarter worth approximately $167,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 0.5 %

Shares of UTI opened at $16.55 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $16.39 and a 200 day moving average price of $16.15. Universal Technical Institute, Inc. has a 12-month low of $8.91 and a 12-month high of $19.79. The firm has a market capitalization of $890.56 million, a P/E ratio of 33.10, a P/E/G ratio of 1.25 and a beta of 1.35.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $177.46 million during the quarter, compared to the consensus estimate of $172.33 million. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. During the same quarter last year, the firm earned ($0.05) EPS. Sell-side analysts forecast that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the transaction, the chief executive officer now owns 136,443 shares of the company’s stock, valued at $2,391,845.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on UTI shares. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Truist Financial began coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target on the stock. Northland Securities boosted their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, September 11th. Finally, Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $21.60.

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.