Universal Technical Institute Inc $UTI Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lessened its stake in Universal Technical Institute Inc (NYSE:UTI) by 77.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,835 shares of the company’s stock after selling 26,835 shares during the quarter. Independent Advisor Alliance’s holdings in Universal Technical Institute were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UTI. Royal Bank of Canada boosted its holdings 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 purchasing an additional 14,364 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 purchasing an additional 5,216 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $2,163,000 after purchasing an additional 9,951 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Barrington Research lifted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Insider Buying and Selling

In other news, COO Todd A. Hitchcock sold 16,500 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total value of $615,945.00. Following the completion of the sale, the chief operating officer owned 104,084 shares of the company’s stock, valued at approximately $3,885,455.72. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shannon Lei Okinaka sold 10,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $34.74, for a total transaction of $347,400.00. Following the completion of the sale, the director directly owned 19,808 shares of the company’s stock, valued at $688,129.92. The trade was a 33.55% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 159,211 shares of company stock worth $5,744,337. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $36.09 on Wednesday. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $41.53. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 46.87, a price-to-earnings-growth ratio of 3.43 and a beta of 1.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s fifty day moving average price is $36.82 and its 200 day moving average price is $31.15.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. On average, research analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

About Universal Technical Institute

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.