Connor Clark & Lunn Investment Management Ltd. Sells 71,761 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Connor Clark & Lunn Investment Management Ltd. cut its stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 71.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,319 shares of the company's stock after selling 71,761 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Universal Technical Institute worth $728,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. HighTower Advisors LLC bought a new stake in Universal Technical Institute in the fourth quarter worth $845,000. Independent Advisor Alliance raised 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 valued at $313,000 after purchasing an additional 507 shares during the last quarter. AlphaQuest LLC lifted its position in Universal Technical Institute by 822,000.0% during the fourth quarter. AlphaQuest LLC now owns 8,221 shares of the company's stock valued at $211,000 after purchasing an additional 8,220 shares during the period. Raymond James Financial Inc. purchased a new stake in Universal Technical Institute in the fourth quarter worth approximately $993,000. Finally, Verdence Capital Advisors LLC bought a new stake in Universal Technical Institute in the 4th quarter worth approximately $212,000. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Trading Down 2.9 %

NYSE UTI traded down $0.78 during trading hours on Wednesday, hitting $26.55. 642,137 shares of the company were exchanged, compared to its average volume of 697,236. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $27.30 and a 200 day moving average price of $23.01. The stock has a market cap of $1.44 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49.

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Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating 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%. Analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UTI. Rosenblatt Securities raised their price target 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. Lake Street Capital boosted 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. Northland Securities increased their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Barrington Research upped their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $31.17.

Insider Buying and Selling

In other news, EVP Sherrell Smith sold 10,000 shares of Universal Technical Institute stock in a transaction on Friday, March 21st. The stock was sold at an average price of $26.95, for a total transaction of $269,500.00. Following the completion of the sale, the executive vice president now directly owns 157,663 shares in the company, valued at approximately $4,249,017.85. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George W. Brochick sold 8,000 shares of the firm's 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 transaction, the director now directly owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,219 shares of company stock valued at $2,569,895. Company insiders own 15.10% of the company's stock.

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.