Perritt Capital Management Inc Decreases Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Perritt Capital Management Inc decreased its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,100 shares of the company's stock after selling 10,166 shares during the quarter. Perritt Capital Management Inc owned 0.07% of Universal Technical Institute worth $980,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in UTI. Intech Investment Management LLC purchased a new stake in Universal Technical Institute during the 3rd quarter worth about $188,000. Charles Schwab Investment Management Inc. lifted its stake in Universal Technical Institute by 198.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock worth $5,622,000 after purchasing an additional 229,738 shares during the last quarter. FMR LLC boosted its holdings in Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company's stock valued at $14,296,000 after purchasing an additional 878,038 shares in the last quarter. Quantbot Technologies LP purchased a new position in Universal Technical Institute in the third quarter valued at approximately $279,000. Finally, BNP Paribas Financial Markets raised its holdings in Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock worth $389,000 after purchasing an additional 2,083 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.

Remove Ads

Insider Buying and Selling

In other 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 value of $1,098,571.10. Following the completion of the transaction, the executive vice president now owns 177,912 shares of the company's stock, valued at $4,954,849.20. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 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. In the last quarter, insiders sold 94,219 shares of company stock worth $2,569,895. 15.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UTI has been the subject of several research analyst reports. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Northland Securities raised their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Lake Street Capital boosted their target price on Universal Technical Institute from $22.00 to $31.00 and gave the company 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 target price for the company. Finally, Barrington Research lifted their price target on Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $32.17.

Universal Technical Institute Price Performance

Shares of UTI stock traded up $0.12 during trading hours on Monday, hitting $25.37. The company's stock had a trading volume of 476,738 shares, compared to its average volume of 723,539. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $27.24 and a 200-day moving average of $23.54. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.92 and a beta of 1.48.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

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.