EntryPoint Capital LLC Makes New Investment in Universal Technical Institute, Inc. (NYSE:UTI)

EntryPoint Capital LLC acquired a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,638 shares of the company's stock, valued at approximately $1,071,000. Universal Technical Institute makes up about 0.5% of EntryPoint Capital LLC's investment portfolio, making the stock its 3rd biggest position. EntryPoint Capital LLC owned about 0.08% of Universal Technical Institute as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Universal Technical Institute by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company's stock worth $70,591,000 after purchasing an additional 44,103 shares during the last quarter. American Century Companies Inc. increased its position in shares of Universal Technical Institute by 16.3% in the 4th quarter. American Century Companies Inc. now owns 973,162 shares of the company's stock valued at $25,020,000 after acquiring an additional 136,642 shares during the period. Geode Capital Management LLC increased its position in shares of Universal Technical Institute by 9.8% in the 3rd 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. FMR LLC raised its stake in Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company's stock worth $14,296,000 after acquiring an additional 878,038 shares during the last quarter. Finally, State Street Corp lifted its position in Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after acquiring an additional 29,461 shares during the period. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UTI shares. Barrington Research increased their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Northland Securities raised their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Rosenblatt Securities lifted their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, B. Riley assumed coverage on shares of Universal Technical Institute in a report on Friday. They issued a "buy" rating and a $31.00 price target on the stock. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $32.17.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now directly owns 227,358 shares in the company, valued at approximately $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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 Stock Performance

NYSE UTI traded down $1.15 during mid-day trading on Friday, reaching $25.36. 1,216,314 shares of the stock were exchanged, compared to its average volume of 538,395. The company has a market capitalization of $1.38 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.92 and a beta of 1.49. 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 business's 50 day moving average is $27.30 and its 200-day moving average is $23.17. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $30.56.

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

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.