Cubist Systematic Strategies LLC Makes New $828,000 Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Cubist Systematic Strategies LLC acquired a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,195 shares of the company's stock, valued at approximately $828,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Universal Technical Institute at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. increased its position in shares of Universal Technical Institute by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company's stock worth $17,763,000 after purchasing an additional 44,100 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Universal Technical Institute in the 4th quarter worth about $1,041,000. Precision Wealth Strategies LLC bought a new stake in shares of Universal Technical Institute in the 4th quarter worth about $632,000. Rhumbline Advisers increased its position in shares of Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock worth $1,836,000 after purchasing an additional 19,453 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position 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 during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UTI. Barrington Research boosted their target price 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. Lake Street Capital boosted their target price 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. Northland Securities boosted 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 report 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 report on Thursday, May 8th. Finally, 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 price objective for the company. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $33.00.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 177,912 shares of the company's stock, valued at $4,954,849.20. The trade was a 18.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock valued at $2,578,450 in the last ninety days. Company insiders own 15.10% of the company's stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $33.17 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $27.75 and a 200 day simple moving average of $25.98. The company has a market cap of $1.80 billion, a PE ratio of 34.20, a P/E/G ratio of 1.92 and a beta of 1.57. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $35.49.

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, beating analysts' consensus estimates of $0.14 by $0.07. The firm 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%. On average, sell-side analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

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.

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