Premier Fund Managers Ltd Sells 15,113 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Premier Fund Managers Ltd lowered its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 35.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,378 shares of the company’s stock after selling 15,113 shares during the period. Premier Fund Managers Ltd’s holdings in Universal Technical Institute were worth $708,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its stake in Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares during the period. Geode Capital Management LLC lifted its position in shares of Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after acquiring an additional 295,408 shares during the period. Rhumbline Advisers increased its stake in Universal Technical Institute by 37.4% in the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock valued at $1,836,000 after acquiring an additional 19,453 shares during the last quarter. Finally, Guardian Wealth Management Inc. increased its stake in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after acquiring an additional 84,964 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sherrell Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the completion of the transaction, the executive vice president now owns 157,663 shares in the company, valued at approximately $4,249,017.85. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,219 shares of company stock worth $2,569,895 in the last quarter. 15.10% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Down 0.4 %

Universal Technical Institute stock opened at $26.42 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of 27.24, a PEG ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $30.56. The firm’s fifty day moving average is $27.32 and its 200 day moving average is $23.06. 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 net margin of 7.08% and a return on equity of 21.25%. As a group, sell-side analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UTI. Rosenblatt Securities lifted their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Northland Securities lifted their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Lake Street Capital increased their target price 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. Finally, Barrington Research boosted their price target on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute has an average rating of “Buy” and an average price target of $31.17.

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.