Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 512,292 shares of the company's stock after selling 94,250 shares during the quarter. Kennedy Capital Management LLC owned about 0.94% of Universal Technical Institute worth $13,171,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake 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 worth $5,622,000 after purchasing an additional 229,738 shares during the period. FMR LLC increased its stake in shares of Universal Technical Institute by 73,048.1% during the third quarter. FMR LLC now owns 879,240 shares of the company's stock valued at $14,296,000 after buying an additional 878,038 shares during the period. BNP Paribas Financial Markets lifted its position 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 worth $389,000 after purchasing an additional 2,083 shares during the period. Verition Fund Management LLC purchased a new position in Universal Technical Institute during the third quarter valued at approximately $298,000. Finally, Morse Asset Management Inc bought a new position in Universal Technical Institute in the third quarter worth approximately $152,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Universal Technical Institute

In related news, EVP Sherrell Smith sold 10,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the completion of the transaction, the executive vice president now directly owns 157,663 shares in the company, valued at $4,249,017.85. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a document filed 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 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 in the company, valued at approximately $963,360.03. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,427 shares of company stock worth $2,575,729 over the last quarter. 15.10% of the stock is currently owned by insiders.

Universal Technical Institute Stock Performance

NYSE:UTI traded up $0.72 during midday trading on Tuesday, hitting $28.13. The company's stock had a trading volume of 160,055 shares, compared to its average volume of 554,842. The firm's 50 day moving average is $27.16 and its 200-day moving average is $24.07. The firm has a market cap of $1.53 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its earnings results 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 net margin of 7.08% and a return on equity of 21.25%. Equities analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on UTI shares. Northland Securities increased 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 upped their price target on Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Barrington Research upped their target price on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Rosenblatt Securities boosted their price target on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, B. Riley initiated coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $32.17.

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.