Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,877 shares of the company’s stock after selling 735 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Universal Technical Institute were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new position in Universal Technical Institute in the fourth quarter worth approximately $1,119,000. Aquatic Capital Management LLC acquired a new position in shares of Universal Technical Institute during the fourth quarter worth $118,000. Boothbay Fund Management LLC increased its holdings in Universal Technical Institute by 70.1% in the fourth quarter. Boothbay Fund Management LLC now owns 66,162 shares of the company’s stock valued at $1,701,000 after buying an additional 27,276 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Universal Technical Institute by 194.0% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock valued at $47,497,000 after buying an additional 1,219,052 shares in the last quarter. Finally, Guardian Wealth Management Inc. lifted its holdings in Universal Technical Institute by 50.4% during the 4th quarter. Guardian Wealth Management Inc. now owns 130,144 shares of the company’s stock worth $3,346,000 after buying an additional 43,591 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

NYSE UTI opened at $34.58 on Friday. The business’s 50-day moving average price is $28.07 and its 200 day moving average price is $26.28. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $35.49. The company has a market capitalization of $1.88 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $207.45 million for the quarter, compared to analysts’ expectations of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UTI shares. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, May 8th. Barrington Research increased their target price on shares of Universal Technical Institute from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. B. Riley assumed coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They issued a “buy” rating and a $31.00 price target for the company. Northland Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Lake Street Capital lifted their target price on Universal Technical Institute from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and an average target price of $33.00.

Insiders Place Their Bets

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director now owns 32,516 shares in the company, valued at $1,035,309.44. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the transaction, the chief operating officer now directly owns 80,521 shares of the company’s stock, valued at approximately $2,686,180.56. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,024 shares of company stock worth $3,686,890 in the last quarter. 15.10% of the stock is owned by corporate insiders.

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.