Universal Technical Institute, Inc. (NYSE:UTI) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,493 shares of the company’s stock after acquiring an additional 2,296 shares during the quarter. New York State Common Retirement Fund’s holdings in Universal Technical Institute were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UTI. International Assets Investment Management LLC increased its stake in shares of Universal Technical Institute by 1,152.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after acquiring an additional 2,880 shares during the period. SG Americas Securities LLC acquired a new position in shares of Universal Technical Institute during the third quarter valued at approximately $104,000. Brandywine Global Investment Management LLC increased its stake in shares of Universal Technical Institute by 8.3% during the third quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock valued at $130,000 after acquiring an additional 1,190 shares during the period. Riverwater Partners LLC acquired a new position in shares of Universal Technical Institute during the fourth quarter valued at approximately $173,000. Finally, Premier Fund Managers Ltd acquired a new position in shares of Universal Technical Institute during the third quarter valued at approximately $246,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barrington Research lifted their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. TheStreet upgraded shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $18.00 price target on shares of Universal Technical Institute in a research report on Monday, April 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.80.

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 that occurred 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 transaction, the director now directly owns 20,000 shares in the company, valued at approximately $301,400. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 27.60% of the company’s stock.

Universal Technical Institute Trading Down 1.8 %

NYSE UTI opened at $14.98 on Friday. Universal Technical Institute, Inc. has a twelve month low of $6.20 and a twelve month high of $17.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $510.52 million, a price-to-earnings ratio of 41.61, a PEG ratio of 1.44 and a beta of 1.22. The firm’s 50 day moving average price is $15.07 and its two-hundred day moving average price is $13.59.

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.