Teton Advisors Inc. Sells 10,900 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Teton Advisors Inc. reduced its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,800 shares of the company's stock after selling 10,900 shares during the quarter. Teton Advisors Inc. owned approximately 0.11% of Universal Technical Institute worth $1,537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in shares of Universal Technical Institute during the 3rd quarter valued at $152,000. State Street Corp increased its holdings in 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 buying an additional 29,461 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Universal Technical Institute in the third quarter worth about $174,000. Geode Capital Management LLC boosted its stake in Universal Technical Institute by 9.8% in the third 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 during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Universal Technical Institute during the 3rd quarter valued at approximately $794,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Insider Activity

In other Universal Technical Institute news, 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 sale, the director now owns 34,917 shares of the company's stock, valued at $963,360.03. This trade represents a 18.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sherrell Smith sold 10,000 shares of Universal Technical Institute stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the sale, the executive vice president now owns 157,663 shares of the company's stock, valued at approximately $4,249,017.85. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock worth $2,578,450 in the last three months. Corporate insiders own 15.10% of the company's stock.

Universal Technical Institute Price Performance

NYSE UTI traded down $0.39 during trading hours on Friday, hitting $27.35. The company had a trading volume of 687,388 shares, compared to its average volume of 560,711. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.92 and a beta of 1.48. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56. The firm has a 50 day simple moving average of $27.04 and a 200 day simple moving average of $24.34.

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, beating 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%. Equities research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UTI shares. Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" 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 research note on Thursday, February 6th. Northland Securities increased their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Barrington Research restated an "outperform" rating and issued a $35.00 price objective on shares of Universal Technical Institute in a research note on Thursday. Finally, B. Riley initiated coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 price objective on the stock. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $32.17.

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.