Premier Fund Managers Ltd Sells 15,113 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Premier Fund Managers Ltd lessened its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,378 shares of the company's stock after selling 15,113 shares during the period. Premier Fund Managers Ltd owned 0.05% of Universal Technical Institute worth $708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance increased its stake in shares of Universal Technical Institute by 4.4% in the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock valued at $313,000 after buying an additional 507 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock valued at $389,000 after purchasing an additional 2,083 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Universal Technical Institute by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock worth $684,000 after buying an additional 2,335 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company's stock valued at $197,000 after buying an additional 2,596 shares during the period. Finally, Quarry LP boosted its position in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

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Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Sherrell Smith sold 36,773 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.68, for a total value of $981,103.64. Following the completion of the transaction, the executive vice president now directly owns 227,358 shares of the company's stock, valued at approximately $6,065,911.44. This trade represents a 13.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $220,720.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, 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 Up 1.7 %

NYSE UTI traded up $0.43 on Tuesday, reaching $26.11. The company had a trading volume of 157,677 shares, compared to its average volume of 539,423. 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 market capitalization of $1.42 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.92 and a beta of 1.49. The company's fifty day moving average is $27.28 and its 200 day moving average is $23.28. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (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%. Sell-side analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Universal Technical Institute Company 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.