First Eagle Investment Management LLC Sells 54,300 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

First Eagle Investment Management LLC decreased its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 467,076 shares of the company’s stock after selling 54,300 shares during the period. First Eagle Investment Management LLC owned 0.86% of Universal Technical Institute worth $12,009,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of UTI. Principal Financial Group Inc. bought a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $395,000. Covestor Ltd raised its position in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the period. Versor Investments LP bought a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $242,000. Empowered Funds LLC raised its position in shares of Universal Technical Institute by 5.3% in the third quarter. Empowered Funds LLC now owns 214,215 shares of the company’s stock valued at $3,483,000 after purchasing an additional 10,854 shares during the period. Finally, RiverPark Advisors LLC raised its position in shares of Universal Technical Institute by 309.5% in the third quarter. RiverPark Advisors LLC now owns 11,070 shares of the company’s stock valued at $180,000 after purchasing an additional 8,367 shares during the period. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

UTI stock opened at $26.84 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The stock has a market cap of $1.46 billion, a PE ratio of 27.67, a P/E/G ratio of 1.92 and a beta of 1.49. The firm has a 50 day simple moving average of $27.06 and a two-hundred day simple moving average of $22.43.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UTI shares. Lake Street Capital boosted their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barrington Research boosted their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Northland Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Buy” and an average price target of $31.17.

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.