Algert Global LLC Raises Position in Universal Technical Institute, Inc. (NYSE:UTI)

Algert Global LLC increased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 571.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,785 shares of the company’s stock after buying an additional 132,570 shares during the quarter. Algert Global LLC owned 0.29% of Universal Technical Institute worth $4,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd grew its position in Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock worth $51,000 after purchasing an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Universal Technical Institute in the 4th quarter worth $79,000. Aquatic Capital Management LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth about $118,000. Meeder Asset Management Inc. grew its stake in Universal Technical Institute by 418.6% during the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock valued at $202,000 after purchasing an additional 6,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UTI has been the topic of several research reports. Barrington Research reiterated an “outperform” rating and issued a $35.00 price target on shares of Universal Technical Institute in a report on Thursday, April 17th. B. Riley started coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They set a “buy” rating and a $31.00 target price for the company. Lake Street Capital upped their price target 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. Rosenblatt Securities lifted 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, Northland Securities upped their target price 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Buy” and a consensus target price of $32.17.

Universal Technical Institute Trading Up 0.0 %

UTI stock opened at $29.51 on Wednesday. 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 52-week low of $13.66 and a 52-week high of $30.56. The company’s 50-day simple moving average is $27.09 and its 200-day simple moving average is $25.37. The firm has a market cap of $1.60 billion, a P/E ratio of 30.42, a PEG ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 fiscal year.

Insider Activity

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now owns 227,358 shares of the company’s stock, valued at $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction on 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 directly owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,524 shares of company stock worth $2,578,450 in the last quarter. Corporate insiders own 15.10% 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.