Divisadero Street Capital Management LP Takes Position in Universal Technical Institute, Inc. (NYSE:UTI)

Divisadero Street Capital Management LP purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 260,000 shares of the company's stock, valued at approximately $6,685,000. Universal Technical Institute makes up approximately 0.8% of Divisadero Street Capital Management LP's investment portfolio, making the stock its 29th biggest position. Divisadero Street Capital Management LP owned about 0.48% of Universal Technical Institute as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Universal Technical Institute in the 4th quarter worth approximately $828,000. Bosun Asset Management LLC boosted its holdings in Universal Technical Institute by 18.0% in the fourth quarter. Bosun Asset Management LLC now owns 59,581 shares of the company's stock worth $1,532,000 after acquiring an additional 9,085 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Universal Technical Institute in the fourth quarter worth $1,108,000. Bayesian Capital Management LP purchased a new position in shares of Universal Technical Institute in the 4th quarter worth about $249,000. Finally, Bank of America Corp DE raised its position in shares of Universal Technical Institute by 33.4% in the 4th quarter. Bank of America Corp DE now owns 39,138 shares of the company's stock worth $1,006,000 after purchasing an additional 9,806 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Stock Performance

Shares of UTI traded up $1.51 during trading hours on Friday, hitting $34.28. The stock had a trading volume of 1,336,729 shares, compared to its average volume of 561,996. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $34.50. The stock has a fifty day moving average price of $27.38 and a 200 day moving average price of $25.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $1.86 billion, a PE ratio of 35.34, a PEG ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. The firm had revenue of $207.45 million during the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Universal Technical Institute

In other news, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company's stock, valued at $963,360.03. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sherrell Smith sold 10,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $26.95, for a total transaction of $269,500.00. Following the completion of the sale, the executive vice president now directly owns 157,663 shares of the company's stock, valued at $4,249,017.85. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 94,524 shares of company stock worth $2,578,450 in the last 90 days. 15.10% of the stock is currently owned by 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.