Bay Colony Advisory Group Inc d b a Bay Colony Advisors Decreases Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 64.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,941 shares of the company’s stock after selling 19,833 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Universal Technical Institute were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in shares of Universal Technical Institute by 341.1% during the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock valued at $5,329,000 after purchasing an additional 258,532 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Universal Technical Institute during the 2nd quarter valued at $675,000. Acadian Asset Management LLC grew its holdings in Universal Technical Institute by 2,058.7% in the 1st quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock worth $4,763,000 after acquiring an additional 285,005 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Universal Technical Institute by 2.6% in the fourth quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock valued at $5,480,000 after acquiring an additional 11,286 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after acquiring an additional 842,765 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $17.33 on Friday. The company’s fifty day moving average price is $16.84 and its 200-day moving average price is $15.68. The stock has a market cap of $932.37 million, a PE ratio of 48.14, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute, Inc. has a 12 month low of $7.70 and a 12 month high of $19.79.

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

Analyst Upgrades and Downgrades

UTI has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 target price on shares of Universal Technical Institute in a research note on Thursday. 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 note on Wednesday, August 7th. Truist Financial initiated coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, B. Riley reaffirmed a “buy” rating and issued a $22.00 target price (up from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus 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 business’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 sale, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.60% of the stock is owned by corporate insiders.

About Universal Technical Institute

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.