Integrated Quantitative Investments LLC Takes Position in Universal Technical Institute, Inc. (NYSE:UTI)

Integrated Quantitative Investments LLC bought a new position in Universal Technical Institute, Inc. (NYSE:UTI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,868 shares of the company’s stock, valued at approximately $434,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its stake in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute during the 4th quarter worth $79,000. Morse Asset Management Inc acquired a new stake in Universal Technical Institute in the 3rd quarter valued at $152,000. Y Intercept Hong Kong Ltd purchased a new position in Universal Technical Institute in the third quarter valued at about $174,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Universal Technical Institute in the third quarter worth about $188,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Stock Down 3.2 %

Shares of Universal Technical Institute stock opened at $25.26 on Friday. The business has a 50-day moving average price of $27.24 and a 200 day moving average price of $23.45. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The firm has a market cap of $1.37 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.92 and a beta of 1.49. 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 posted its quarterly 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%. On average, sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the topic of several recent research reports. Northland Securities boosted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. B. Riley assumed coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a “buy” rating and a $31.00 target price for the company. Lake Street Capital boosted their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barrington Research raised their target price 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. Finally, Rosenblatt Securities boosted their price target on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $32.17.

Insider Transactions at Universal Technical Institute

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

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.