Quantbot Technologies LP Has $818,000 Position in Universal Technical Institute, Inc. (NYSE:UTI)

Quantbot Technologies LP increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 85.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,813 shares of the company’s stock after purchasing an additional 14,659 shares during the period. Quantbot Technologies LP’s holdings in Universal Technical Institute were worth $818,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Independent Advisor Alliance lifted its stake in Universal Technical Institute by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock worth $313,000 after purchasing an additional 507 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after buying an additional 2,083 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Universal Technical Institute by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock worth $684,000 after buying an additional 2,335 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after buying an additional 2,596 shares in the last quarter. Finally, Quarry LP grew its position in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. 75.67% of the stock is owned by institutional investors.

Insider Activity

In other Universal Technical Institute news, EVP Sherrell Smith sold 10,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $26.95, for a total transaction of $269,500.00. Following the sale, the executive vice president now owns 157,663 shares of the company’s stock, valued at approximately $4,249,017.85. This represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the 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 sale, the director now owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,219 shares of company stock valued at $2,569,895. Company insiders own 15.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on UTI. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. 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. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Barrington Research raised their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $31.17.

Universal Technical Institute Trading Down 2.9 %

Shares of NYSE UTI opened at $26.55 on Thursday. The firm has a 50 day moving average price of $27.32 and a two-hundred day moving average price of $23.04. The stock has a market cap of $1.44 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56. 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, February 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 year.

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.