Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 90.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,495 shares of the company's stock after selling 209,040 shares during the period. Russell Investments Group Ltd.'s holdings in Universal Technical Institute were worth $553,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UTI. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute in the 4th quarter valued at approximately $79,000. Morse Asset Management Inc purchased a new position in Universal Technical Institute in the third quarter worth $152,000. Meeder Asset Management Inc. lifted its holdings in Universal Technical Institute by 418.6% in the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after acquiring an additional 6,337 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Universal Technical Institute in the 4th quarter valued at about $203,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at about $206,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the company'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 transaction of $1,098,571.10. Following the sale, the executive vice president now owns 177,912 shares in the company, valued at $4,954,849.20. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 owns 34,917 shares of the company's stock, valued at approximately $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 sold 94,524 shares of company stock valued at $2,578,450. Insiders own 15.10% of the company's stock.

Analyst Ratings Changes

UTI has been the subject of several recent research reports. Lake Street Capital raised their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Northland Securities lifted their price objective 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. Barrington Research reissued an "outperform" rating and issued a $35.00 price target on shares of Universal Technical Institute in a report on Thursday, April 17th. Rosenblatt Securities increased 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. Finally, B. Riley started coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They set a "buy" rating and a $31.00 price target on the stock. Six equities research 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 currently has a consensus rating of "Buy" and a consensus price target of $32.17.

Universal Technical Institute Trading Down 1.1 %

Shares of Universal Technical Institute stock traded down $0.32 during trading hours on Monday, hitting $27.68. The company's stock had a trading volume of 199,522 shares, compared to its average volume of 564,016. The business has a fifty day moving average of $26.97 and a 200 day moving average of $24.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a market capitalization of $1.50 billion, a PE ratio of 28.55, a P/E/G ratio of 1.92 and a beta of 1.48.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results 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 return on equity of 21.25% and a net margin of 7.08%. As a group, equities analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current 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.