G2 Investment Partners Management LLC Buys 155,924 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

G2 Investment Partners Management LLC raised its position in Universal Technical Institute, Inc. (NYSE:UTI) by 98.2% during the fourth quarter, Holdings Channel reports. The firm owned 314,723 shares of the company’s stock after purchasing an additional 155,924 shares during the period. Universal Technical Institute comprises 2.1% of G2 Investment Partners Management LLC’s portfolio, making the stock its 15th largest holding. G2 Investment Partners Management LLC’s holdings in Universal Technical Institute were worth $8,092,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of UTI. Vanguard Group Inc. grew its holdings in Universal Technical Institute by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company’s stock worth $70,591,000 after purchasing an additional 44,103 shares during the period. Lord Abbett & CO. LLC boosted its holdings in 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 worth $47,497,000 after acquiring an additional 1,219,052 shares in the last quarter. Dumac Inc. acquired a new position in shares of Universal Technical Institute during the fourth quarter worth approximately $43,236,000. Renaissance Technologies LLC grew its position in Universal Technical Institute by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company’s stock valued at $30,566,000 after purchasing an additional 6,743 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in Universal Technical Institute by 10.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company’s stock worth $29,098,000 after buying an additional 109,255 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley initiated coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They issued a “buy” rating and a $31.00 price target on the stock. Lake Street Capital increased their target price on shares of Universal Technical Institute from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday. Barrington Research increased their price target on Universal Technical Institute from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday. Finally, Northland Securities boosted 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 note on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $33.00.

Insider Activity at Universal Technical Institute

In related news, EVP Sherrell Smith sold 39,446 shares of the firm’s 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 transaction, the executive vice president now directly owns 177,912 shares of the company’s stock, valued at approximately $4,954,849.20. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $220,720.00. Following the transaction, the director now owns 34,917 shares in the company, valued at $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. Insiders have sold 94,524 shares of company stock valued at $2,578,450 over the last three months. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Up 10.8 %

Shares of NYSE UTI opened at $32.82 on Friday. The business has a 50-day simple moving average of $27.24 and a two-hundred day simple moving average of $25.51. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $33.67. The company has a market cap of $1.78 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.92 and a beta of 1.57. 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 (NYSE:UTI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. The firm had revenue of $207.45 million during the quarter, compared to analyst estimates of $196.63 million. Research analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal 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.