Nkcfo LLC Takes $188,000 Position in Universal Technical Institute, Inc. (NYSE:UTI)

Nkcfo LLC bought a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the company’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Washington University purchased a new position in Universal Technical Institute in the 4th quarter valued at $35,886,000. First Eagle Investment Management LLC lifted its holdings in Universal Technical Institute by 15.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock valued at $3,573,000 after purchasing an additional 55,608 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Universal Technical Institute by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock valued at $624,000 after purchasing an additional 1,751 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Universal Technical Institute by 45.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,459 shares of the company’s stock valued at $272,000 after purchasing an additional 10,142 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Universal Technical Institute by 28.8% in the 4th quarter. SG Americas Securities LLC now owns 15,929 shares of the company’s stock valued at $199,000 after purchasing an additional 3,557 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

UTI has been the topic of a number of research reports. StockNews.com lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a report on Thursday, February 1st. Barrington Research restated an “outperform” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a report on Tuesday, April 23rd. Northland Securities started coverage on Universal Technical Institute in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Universal Technical Institute in a research note on Monday, April 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.40.

Universal Technical Institute Trading Up 1.3 %

Shares of UTI traded up $0.20 during midday trading on Friday, reaching $15.61. The company had a trading volume of 1,280,545 shares, compared to its average volume of 402,329. The firm has a 50 day simple moving average of $14.96 and a 200-day simple moving average of $13.12. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market cap of $531.99 million, a PE ratio of 60.04, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. Universal Technical Institute, Inc. has a 1-year low of $5.63 and a 1-year high of $16.37.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. The firm had revenue of $174.70 million during the quarter, compared to the consensus estimate of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. Research analysts forecast that Universal Technical Institute, Inc. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total transaction of $131,395.33. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $301,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.60% of the company’s stock.

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.