Covestor Ltd Purchases 388 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Covestor Ltd raised its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,977 shares of the company’s stock after acquiring an additional 388 shares during the quarter. Covestor Ltd’s holdings in Universal Technical Institute were worth $51,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at about $79,000. Morse Asset Management Inc bought a new stake in Universal Technical Institute in the third quarter worth approximately $152,000. Y Intercept Hong Kong Ltd acquired a new position in Universal Technical Institute in the third quarter valued at approximately $174,000. Meeder Asset Management Inc. boosted its holdings in shares of Universal Technical Institute by 418.6% during the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock worth $202,000 after buying an additional 6,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth approximately $203,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $27.36 on Tuesday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.92 and a beta of 1.48. 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, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The firm’s 50-day simple moving average is $27.16 and its 200 day simple moving average is $24.07.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (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, research analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sherrell Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 94,427 shares of company stock worth $2,575,729 in the last quarter. 15.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on UTI shares. B. Riley began coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They set a “buy” rating and a $31.00 target price on the stock. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities raised their target price 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. Northland Securities upped their price target 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. 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 research note on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.17.

Universal Technical Institute Company 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.