Perritt Capital Management Inc Has $926,000 Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Perritt Capital Management Inc cut its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,850 shares of the company’s stock after selling 12,100 shares during the period. Perritt Capital Management Inc owned about 0.11% of Universal Technical Institute worth $926,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in Universal Technical Institute in the 2nd quarter valued at approximately $43,000. New York State Common Retirement Fund increased its holdings in Universal Technical Institute by 28.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after purchasing an additional 2,296 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after purchasing an additional 9,512 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in Universal Technical Institute by 54.2% during the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after buying an additional 3,643 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter valued at about $181,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Down 1.3 %

Shares of NYSE UTI opened at $16.20 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The firm has a market cap of $871.58 million, a PE ratio of 45.00, a P/E/G ratio of 1.49 and a beta of 1.35. The company’s fifty day simple moving average is $17.36 and its 200 day simple moving average is $15.83. Universal Technical Institute, Inc. has a 12-month low of $7.78 and a 12-month high of $19.79.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data 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. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The company 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 firm earned ($0.05) EPS. As a group, sell-side analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the sale, the chief executive officer now owns 136,443 shares in the company, valued at $2,391,845.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 27.60% of the company’s stock.

Analyst Ratings Changes

UTI has been the topic of a number of recent analyst reports. Truist Financial assumed coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 price objective on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, August 7th. B. Riley reiterated a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday. Finally, Northland Securities upped their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $21.60.

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.