Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by Private Management Group Inc.

Private Management Group Inc. reduced its position in Universal Technical Institute, Inc. (NYSE:UTI) by 43.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,269 shares of the company’s stock after selling 597,373 shares during the period. Private Management Group Inc.’s holdings in Universal Technical Institute were worth $9,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UTI. SG Americas Securities LLC acquired a new position in shares of Universal Technical Institute in the 3rd quarter valued at $104,000. Victory Capital Management Inc. lifted its stake in shares of Universal Technical Institute by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock valued at $2,327,000 after purchasing an additional 4,503 shares during the period. Premier Fund Managers Ltd acquired a new position in shares of Universal Technical Institute in the 3rd quarter valued at $246,000. First Eagle Investment Management LLC lifted its stake in shares of Universal Technical Institute by 15.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock valued at $3,573,000 after purchasing an additional 55,608 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of Universal Technical Institute by 6.6% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock valued at $5,262,000 after purchasing an additional 38,630 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UTI has been the subject of a number of research analyst reports. Northland Securities initiated coverage on shares of Universal Technical Institute in a research report on Wednesday, January 10th. They set an “outperform” rating and a $16.00 price objective for the company. StockNews.com cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. TheStreet upgraded shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Barrington Research restated an “outperform” rating and set a $18.00 price objective on shares of Universal Technical Institute in a research report on Tuesday. Finally, Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

Insider Buying and Selling

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 8,719 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total value of $131,395.33. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $301,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Up 0.7 %

Shares of NYSE UTI traded up $0.10 during midday trading on Wednesday, hitting $14.62. The company’s stock had a trading volume of 279,241 shares, compared to its average volume of 607,171. The business’s fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $12.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 1.09. Universal Technical Institute, Inc. has a 1 year low of $5.63 and a 1 year high of $16.37. The firm has a market capitalization of $498.25 million, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. On average, equities analysts predict that Universal Technical Institute, Inc. will post 0.7 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.