9,700 Shares in Universal Technical Institute, Inc. (NYSE:UTI) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,700 shares of the company's stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE increased 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 valued at $1,006,000 after acquiring an additional 9,806 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Universal Technical Institute by 15.3% in the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after purchasing an additional 12,017 shares during the period. Algert Global LLC raised its stake in shares of Universal Technical Institute by 571.1% in the fourth quarter. Algert Global LLC now owns 155,785 shares of the company's stock worth $4,005,000 after purchasing an additional 132,570 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Universal Technical Institute by 10.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock worth $29,098,000 after purchasing an additional 109,255 shares during the period. Finally, Manatuck Hill Partners LLC lifted its holdings in shares of Universal Technical Institute by 2.9% during the fourth quarter. Manatuck Hill Partners LLC now owns 180,000 shares of the company's stock worth $4,628,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Up 4.6 %

Shares of Universal Technical Institute stock traded up $1.51 during trading hours on Friday, hitting $34.28. The company's stock had a trading volume of 1,336,729 shares, compared to its average volume of 561,460. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 1.92 and a beta of 1.57. 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, Inc. has a twelve month low of $13.66 and a twelve month high of $34.50. The firm has a fifty day moving average of $27.38 and a 200-day moving average of $25.77.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The company 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%. Research analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Insider Buying and Selling at Universal Technical Institute

In other news, Director George W. Brochick sold 8,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the sale, the director now owns 34,917 shares of the company's stock, valued at approximately $963,360.03. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sherrell Smith sold 10,000 shares of Universal Technical Institute stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the completion of the transaction, the executive vice president now owns 157,663 shares of the company's stock, valued at $4,249,017.85. The trade was a 5.96 % 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 valued at $2,578,450 over the last quarter. 15.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. B. Riley started coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price target for the company. Northland Securities boosted their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Rosenblatt Securities restated 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 increased 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 report on Thursday. Finally, Barrington Research boosted 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 report on Thursday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.