Granahan Investment Management LLC Reduces Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Granahan Investment Management LLC decreased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,859 shares of the company’s stock after selling 11,700 shares during the period. Granahan Investment Management LLC owned approximately 0.29% of Universal Technical Institute worth $4,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd grew its position in Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after acquiring an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Universal Technical Institute in the fourth quarter worth about $79,000. Aquatic Capital Management LLC purchased a new position in Universal Technical Institute in the 4th quarter worth about $118,000. Meeder Asset Management Inc. lifted its holdings 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 buying an additional 6,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Universal Technical Institute in the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Transactions at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sherrell Smith sold 39,446 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the sale, the executive vice president now directly owns 177,912 shares in the company, valued at approximately $4,954,849.20. This represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock valued at $2,578,450 in the last quarter. 15.10% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $34.28 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 35.34, a P/E/G ratio of 1.92 and a beta of 1.57. The company has a 50-day simple moving average of $27.38 and a two-hundred day simple moving average of $25.71. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $207.45 million during the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Research analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday. B. Riley started coverage on Universal Technical Institute in a report on Friday, March 28th. They issued a “buy” rating and a $31.00 target price for the company. Barrington Research raised their price target on Universal Technical Institute from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Lake Street Capital upped their price objective on shares of Universal Technical Institute from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Northland Securities raised their target price 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $33.00.

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.