Bridgeway Capital Management LLC Has $2.10 Million Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Bridgeway Capital Management LLC lessened its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 81.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,664 shares of the company's stock after selling 355,251 shares during the period. Bridgeway Capital Management LLC owned about 0.15% of Universal Technical Institute worth $2,100,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Covestor Ltd increased its position 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 purchasing an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Universal Technical Institute during the fourth quarter worth approximately $79,000. Aquatic Capital Management LLC acquired a new position in Universal Technical Institute during the fourth quarter worth approximately $118,000. Meeder Asset Management Inc. increased its position in Universal Technical Institute by 418.6% during the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock worth $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 during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Analysts Set New Price Targets

UTI has been the subject of several recent research reports. B. Riley initiated coverage on shares of Universal Technical Institute in a research report on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective for the company. Barrington Research increased their price objective 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, May 8th. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 8th. Northland Securities increased their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Lake Street Capital increased their price objective on shares of Universal Technical Institute from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Universal Technical Institute currently has an average rating of "Buy" and an average target price of $33.00.

Universal Technical Institute Trading Down 7.2%

Shares of UTI traded down $2.46 during midday trading on Tuesday, hitting $31.68. The stock had a trading volume of 3,906,562 shares, compared to its average volume of 576,230. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $35.49. The business has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $25.89. The firm has a market cap of $1.72 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company has a current ratio of 1.14, a quick 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 results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $207.45 million during the quarter, compared to analysts' expectations of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Insider Activity

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $963,360.03. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sherrell Smith sold 10,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were 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 owns 157,663 shares in the company, valued at $4,249,017.85. This represents 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 90 days. 15.10% of the stock is currently 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.