Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lifted its position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,131,759 shares of the company's stock after buying an additional 109,255 shares during the period. Alyeska Investment Group L.P. owned approximately 2.08% of Universal Technical Institute worth $29,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd increased its stake in Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after acquiring an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute during the 4th quarter worth approximately $79,000. Aquatic Capital Management LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth approximately $118,000. Meeder Asset Management Inc. raised its holdings in Universal Technical Institute by 418.6% in the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after buying an additional 6,337 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in Universal Technical Institute during the fourth quarter valued at approximately $203,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Up 4.6 %

NYSE:UTI traded up $1.51 during mid-day trading on Friday, reaching $34.28. The stock had a trading volume of 1,336,729 shares, compared to its average volume of 561,460. 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 company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $34.50. The stock's 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $25.71.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the sale, the director now directly owns 34,917 shares of the company's stock, valued at $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sherrell Smith sold 39,446 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the transaction, the executive vice president now directly owns 177,912 shares of the company's stock, valued at approximately $4,954,849.20. This trade represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,524 shares of company stock worth $2,578,450 over the last quarter. 15.10% of the stock is owned by company 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.