Pacific Ridge Capital Partners LLC Has $2.96 Million Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Pacific Ridge Capital Partners LLC lessened its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,238 shares of the company's stock after selling 92,738 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.21% of Universal Technical Institute worth $2,963,000 at the end of the most recent reporting period.

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

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Universal Technical Institute Stock Performance

Shares of UTI stock traded down $0.14 during trading on Monday, reaching $25.22. The company had a trading volume of 190,455 shares, compared to its average volume of 537,100. The firm's 50 day simple moving average is $27.30 and its two-hundred day simple moving average is $23.22. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $1.37 billion, a PE ratio of 26.01, a PEG ratio of 1.92 and a beta of 1.49.

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 for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analysts Set New Price Targets

UTI has been the topic of several research reports. Northland Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. B. Riley initiated coverage on shares of Universal Technical Institute in a research note on Friday. They issued a "buy" rating and a $31.00 price target on the stock. Barrington Research lifted their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research report 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 research note on Thursday, February 6th. Finally, Rosenblatt Securities increased their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $32.17.

Insider Activity

In related news, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction dated 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 $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sherrell Smith sold 39,446 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total value of $1,098,571.10. Following the completion of the sale, the executive vice president now owns 177,912 shares of the company's stock, valued at $4,954,849.20. This represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,219 shares of company stock valued at $2,569,895. 15.10% of the stock is owned by insiders.

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.