Versor Investments LP Sells 19,053 Shares of Universal Technical Institute Inc $UTI

Versor Investments LP trimmed its stake in Universal Technical Institute Inc (NYSE:UTI) by 60.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,547 shares of the company’s stock after selling 19,053 shares during the period. Versor Investments LP’s holdings in Universal Technical Institute were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UTI. Royal Bank of Canada raised its stake in shares of Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after acquiring an additional 14,364 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Universal Technical Institute in the 1st quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after acquiring an additional 5,216 shares in the last quarter. NewEdge Advisors LLC bought a new position in Universal Technical Institute in the 1st quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after buying an additional 9,951 shares during the period. 75.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Rosenblatt Securities lifted their price target on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Northland Securities set a $41.00 price target on Universal Technical Institute in a research report on Thursday, May 7th. Barrington Research lifted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 price target on Universal Technical Institute in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Universal Technical Institute has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Universal Technical Institute Stock Performance

UTI opened at $39.62 on Friday. The stock has a market cap of $2.18 billion, a PE ratio of 51.46, a P/E/G ratio of 3.64 and a beta of 1.28. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $41.53. The stock’s 50 day simple moving average is $36.72 and its 200-day simple moving average is $31.11.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Sell-side analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Insider Buying and Selling at Universal Technical Institute

In other news, Director George W. Brochick sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $36.59, for a total transaction of $182,950.00. Following the sale, the director directly owned 27,516 shares in the company, valued at approximately $1,006,810.44. The trade was a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sherrell Smith sold 22,671 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $37.10, for a total value of $841,094.10. Following the sale, the executive vice president owned 37,474 shares in the company, valued at approximately $1,390,285.40. This represents a 37.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,211 shares of company stock valued at $5,744,337 in the last quarter. 9.80% of the stock is currently owned by corporate insiders.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.