XTX Topco Ltd Invests $405,000 in Universal Technical Institute, Inc. (NYSE:UTI)

XTX Topco Ltd purchased a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,767 shares of the company's stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UTI. Morse Asset Management Inc acquired a new position in shares of Universal Technical Institute during the third quarter valued at approximately $152,000. State Street Corp raised its stake in Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock valued at $13,920,000 after purchasing an additional 29,461 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock valued at $15,496,000 after purchasing an additional 85,417 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Universal Technical Institute during the 3rd quarter worth $794,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Universal Technical Institute during the third quarter worth $10,217,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UTI has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and set a $35.00 price target on shares of Universal Technical Institute in a research report on Thursday, April 17th. Lake Street Capital upped their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. B. Riley began coverage on Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 target price for the company. Finally, Northland Securities boosted their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $32.17.

Universal Technical Institute Stock Performance

NYSE UTI opened at $27.02 on Wednesday. The stock has a fifty day simple moving average of $27.00 and a 200-day simple moving average of $24.49. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.47 billion, a PE ratio of 27.86, a P/E/G ratio of 1.92 and a beta of 1.48. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 year.

Insider Activity at Universal Technical Institute

In related news, EVP Sherrell Smith sold 10,000 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $26.95, for a total transaction 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. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a legal 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 dated Wednesday, February 26th. The stock was 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 $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,524 shares of company stock worth $2,578,450. Insiders own 15.10% of the company's stock.

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.

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