Universal Technical Institute, Inc. (NYSE:UTI) is Acuitas Investments LLC’s 3rd Largest Position

Acuitas Investments LLC reduced its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 39.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 378,375 shares of the company’s stock after selling 250,539 shares during the quarter. Universal Technical Institute comprises about 2.4% of Acuitas Investments LLC’s portfolio, making the stock its 3rd largest holding. Acuitas Investments LLC owned about 1.11% of Universal Technical Institute worth $4,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brandywine Global Investment Management LLC raised its position in Universal Technical Institute by 8.3% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock worth $130,000 after buying an additional 1,190 shares during the last quarter. Kennedy Capital Management LLC raised its position in Universal Technical Institute by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock worth $624,000 after buying an additional 1,751 shares during the last quarter. New York State Common Retirement Fund raised its position in Universal Technical Institute by 28.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock worth $131,000 after buying an additional 2,296 shares during the last quarter. International Assets Investment Management LLC raised its position in Universal Technical Institute by 1,152.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock worth $39,000 after buying an additional 2,880 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Universal Technical Institute by 28.8% during the 4th quarter. SG Americas Securities LLC now owns 15,929 shares of the company’s stock worth $199,000 after buying an additional 3,557 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Universal Technical Institute Price Performance

Universal Technical Institute stock traded up $0.10 during trading on Wednesday, reaching $14.62. The company had a trading volume of 345,238 shares, compared to its average volume of 609,154. The firm’s 50-day simple moving average is $14.89 and its 200 day simple moving average is $12.78. 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 PE ratio of 56.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.11. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. The firm had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. As a group, equities research analysts anticipate that Universal Technical Institute, Inc. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UTI has been the topic of a number of analyst reports. Rosenblatt Securities raised 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 note on Thursday, January 25th. Barrington Research reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Universal Technical Institute in a research note on Tuesday. Northland Securities initiated coverage on shares of Universal Technical Institute in a research note on Wednesday, January 10th. They set an “outperform” rating and a $16.00 price objective on the stock. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research note on Thursday, February 1st. Finally, StockNews.com cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.20.

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.