Pembroke Management LTD Raises Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Pembroke Management LTD increased its stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 410,163 shares of the company's stock after acquiring an additional 40,855 shares during the period. Pembroke Management LTD owned about 0.76% of Universal Technical Institute worth $6,669,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Universal Technical Institute by 341.1% during the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company's stock worth $5,329,000 after purchasing an additional 258,532 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Universal Technical Institute in the second quarter worth approximately $675,000. First Eagle Investment Management LLC boosted its stake in Universal Technical Institute by 37.2% in the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company's stock worth $8,162,000 after buying an additional 140,600 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Universal Technical Institute during the second quarter valued at approximately $3,103,000. Finally, Pier Capital LLC raised its stake in shares of Universal Technical Institute by 15.7% during the second quarter. Pier Capital LLC now owns 351,809 shares of the company's stock worth $5,534,000 after acquiring an additional 47,819 shares in the last quarter. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Down 0.5 %

UTI traded down $0.09 during midday trading on Friday, reaching $16.55. 187,184 shares of the company's stock traded hands, compared to its average volume of 286,150. Universal Technical Institute, Inc. has a 52 week low of $8.91 and a 52 week high of $19.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average of $16.39 and a two-hundred day moving average of $16.16. The stock has a market capitalization of $890.56 million, a price-to-earnings ratio of 33.10, a P/E/G ratio of 1.21 and a beta of 1.34.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The company had revenue of $177.46 million during the quarter, compared to the consensus estimate of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the sale, the chief executive officer now directly owns 136,443 shares in the company, valued at $2,391,845.79. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 27.60% of the stock is owned by corporate insiders.

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.