Integrated Quantitative Investments LLC Buys Shares of 16,868 Universal Technical Institute, Inc. (NYSE:UTI)

Integrated Quantitative Investments LLC purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,868 shares of the company’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after buying an additional 29,461 shares during the period. Geode Capital Management LLC increased its stake in shares of Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after purchasing an additional 295,408 shares in the last quarter. Rhumbline Advisers lifted its position in Universal Technical Institute by 37.4% in the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock worth $1,836,000 after purchasing an additional 19,453 shares during the period. Finally, Guardian Wealth Management Inc. boosted its stake in Universal Technical Institute by 5,347.0% during the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after purchasing an additional 84,964 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Universal Technical Institute

In related news, EVP Sherrell Smith sold 39,446 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the transaction, the executive vice president now directly owns 177,912 shares of the company’s stock, valued at approximately $4,954,849.20. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,219 shares of company stock valued at $2,569,895 in the last 90 days. 15.10% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Down 3.2 %

Shares of NYSE:UTI opened at $25.26 on Friday. The firm has a 50 day simple moving average of $27.24 and a 200 day simple moving average of $23.45. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.37 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on UTI. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Northland Securities upped their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barrington Research boosted their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. B. Riley began coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They set a “buy” rating and a $31.00 target price for the company. Finally, Lake Street Capital upped their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $32.17.

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.