Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 85.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,813 shares of the company's stock after buying an additional 14,659 shares during the period. Quantbot Technologies LP owned 0.06% of Universal Technical Institute worth $818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in Universal Technical Institute during the third quarter valued at $188,000. Charles Schwab Investment Management Inc. raised its position in shares of Universal Technical Institute by 198.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock valued at $5,622,000 after buying an additional 229,738 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Universal Technical Institute in the 3rd quarter valued at about $348,000. Independent Advisor Alliance purchased a new position in Universal Technical Institute in the third quarter worth about $189,000. Finally, FMR LLC increased its stake in Universal Technical Institute by 73,048.1% during the third 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. 75.67% of the stock is owned by institutional investors.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the sale, the executive vice president now owns 177,912 shares in the company, valued at approximately $4,954,849.20. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George W. Brochick sold 8,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company's stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,219 shares of company stock valued at $2,569,895 in the last 90 days. Insiders own 15.10% of the company's stock.

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Universal Technical Institute Trading Down 4.3 %

UTI traded down $1.15 on Friday, reaching $25.36. 1,216,314 shares of the company traded hands, compared to its average volume of 538,395. 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 company has a market cap of $1.38 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The firm has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $23.22. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56.

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

Wall Street Analyst Weigh In

UTI has been the subject of several analyst reports. Rosenblatt Securities raised their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Northland Securities raised their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. B. Riley began 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. Barrington Research increased their target price 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. Finally, Lake Street Capital lifted their price target 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. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $32.17.

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.