Bosun Asset Management LLC Purchases 9,085 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Bosun Asset Management LLC boosted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,581 shares of the company's stock after buying an additional 9,085 shares during the period. Bosun Asset Management LLC owned approximately 0.11% of Universal Technical Institute worth $1,532,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UTI. Covestor Ltd lifted its stake in shares of Universal Technical Institute by 24.4% in the fourth 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. Independent Advisor Alliance raised its holdings in Universal Technical Institute by 4.4% in the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock worth $313,000 after acquiring an additional 507 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock valued at $616,000 after purchasing an additional 1,294 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock worth $684,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Universal Technical Institute in the fourth quarter worth $79,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Insider Buying and Selling

In other news, EVP Sherrell Smith sold 36,773 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the transaction, the executive vice president now directly owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the stock in a transaction dated 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 owns 34,917 shares of the company's stock, valued at $963,360.03. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,524 shares of company stock valued at $2,578,450. Company insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

UTI traded up $1.51 during trading on Friday, hitting $34.28. The company's stock had a trading volume of 1,336,729 shares, compared to its average volume of 561,996. The business's 50 day simple moving average is $27.38 and its 200-day simple moving average is $25.64. The firm has a market cap of $1.86 billion, a PE ratio of 35.34, a P/E/G ratio of 1.92 and a beta of 1.57. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $34.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barrington Research increased their price objective on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday. Lake Street Capital boosted their price objective on shares of Universal Technical Institute from $31.00 to $35.00 and gave the company a "buy" rating in a report on Thursday. Northland Securities raised their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, B. Riley assumed coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They set a "buy" rating and a $31.00 target price for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $33.00.

Universal Technical Institute 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.