Balyasny Asset Management L.P. Acquires Shares of 43,103 Universal Technical Institute, Inc. (NYSE:UTI)

Balyasny Asset Management L.P. acquired a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 43,103 shares of the company's stock, valued at approximately $1,108,000. Balyasny Asset Management L.P. owned approximately 0.08% of Universal Technical Institute 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 boosted its position in shares of Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after buying an additional 388 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Universal Technical Institute in the 4th quarter valued at about $79,000. Aquatic Capital Management LLC acquired a new position in Universal Technical Institute in the 4th quarter valued at about $118,000. Meeder Asset Management Inc. raised its stake in Universal Technical Institute by 418.6% in the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after purchasing an additional 6,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Universal Technical Institute in the 4th quarter valued at about $203,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Trading Up 0.5%

UTI traded up $0.16 on Monday, reaching $34.78. 755,645 shares of the company's stock were exchanged, compared to its average volume of 587,740. The company's 50 day moving average is $28.23 and its 200-day moving average is $26.48. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.92 and a beta of 1.57. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $35.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14.

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

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barrington Research boosted 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 note on Thursday, May 8th. B. Riley assumed coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 target price 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 8th. Finally, Lake Street Capital upped their price objective 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, May 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Universal Technical Institute has an average rating of "Buy" and an average target price of $33.00.

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.