American Century Companies Inc. Raises Position in Universal Technical Institute, Inc. (NYSE:UTI)

American Century Companies Inc. raised its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 973,162 shares of the company's stock after buying an additional 136,642 shares during the period. American Century Companies Inc. owned about 1.79% of Universal Technical Institute worth $25,020,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quantbot Technologies LP boosted its stake in shares of Universal Technical Institute by 85.5% in the fourth quarter. Quantbot Technologies LP now owns 31,813 shares of the company's stock worth $818,000 after acquiring an additional 14,659 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Universal Technical Institute by 35.7% in the 4th quarter. Teacher Retirement System of Texas now owns 18,233 shares of the company's stock valued at $469,000 after purchasing an additional 4,796 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth $845,000. Independent Advisor Alliance grew its holdings in shares of Universal Technical Institute by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock worth $313,000 after buying an additional 507 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Universal Technical Institute by 822,000.0% during the fourth quarter. AlphaQuest LLC now owns 8,221 shares of the company's stock worth $211,000 after buying an additional 8,220 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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Universal Technical Institute Trading Down 2.6 %

NYSE:UTI traded down $0.70 on Thursday, reaching $26.15. The company's stock had a trading volume of 708,096 shares, compared to its average volume of 542,198. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $30.56. The stock has a 50 day moving average price of $27.27 and a 200 day moving average price of $23.39. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UTI has been the topic of several research reports. Barrington Research raised their price target on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities boosted their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. B. Riley began coverage on Universal Technical Institute in a research report on Friday, March 28th. They issued a "buy" rating and a $31.00 price target for the company. Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Northland Securities upped their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $32.17.

Insider Transactions at Universal Technical Institute

In other news, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the completion of the sale, the executive vice president now directly owns 227,358 shares of the company's stock, valued at approximately $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction 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 sale, the director now owns 34,917 shares in the company, valued at $963,360.03. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,219 shares of company stock worth $2,569,895. 15.10% of the stock is currently owned by 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.