Tudor Investment Corp ET AL Acquires New Shares in Universal Technical Institute, Inc. (NYSE:UTI)

Tudor Investment Corp ET AL bought a new position in Universal Technical Institute, Inc. (NYSE:UTI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,518 shares of the company’s stock, valued at approximately $1,119,000. Tudor Investment Corp ET AL owned about 0.08% of Universal Technical Institute at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UTI. Lord Abbett & CO. LLC raised its position in shares of Universal Technical Institute by 194.0% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock valued at $47,497,000 after purchasing an additional 1,219,052 shares during the period. Victory Capital Management Inc. raised its position in Universal Technical Institute by 1,377.1% in the fourth quarter. Victory Capital Management Inc. now owns 518,256 shares of the company’s stock worth $13,324,000 after purchasing an additional 483,170 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after buying an additional 295,408 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Universal Technical Institute by 50.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company’s stock valued at $15,874,000 after acquiring an additional 205,716 shares during the period. Finally, Norges Bank bought a new position in Universal Technical Institute during the 4th quarter valued at about $5,268,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $29.51 on Wednesday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 30.42, a PEG ratio of 1.92 and a beta of 1.57. The business has a 50-day moving average of $27.09 and a 200-day moving average of $25.37. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $30.56.

Universal Technical Institute (NYSE:UTI) last issued its earnings results 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 net margin of 7.08% and a return on equity of 21.25%. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Lake Street Capital boosted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. B. Riley began coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a “buy” rating and a $31.00 target price for the company. Northland Securities raised their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Universal Technical Institute in a research note on Thursday, April 17th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.17.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 177,912 shares in the company, valued at approximately $4,954,849.20. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George W. Brochick sold 8,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company’s stock, valued at $963,360.03. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,524 shares of company stock worth $2,578,450 in the last quarter. Corporate 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.