Annex Advisory Services LLC Takes $1.15 Million Position in Universal Technical Institute, Inc. (NYSE:UTI)

Annex Advisory Services LLC bought a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,694 shares of the company's stock, valued at approximately $1,148,000. Annex Advisory Services LLC owned about 0.08% of Universal Technical Institute as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UTI. GAMMA Investing LLC boosted its holdings in Universal Technical Institute by 2,671.7% in the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock worth $224,000 after buying an additional 8,416 shares during the last quarter. Arcadia Wealth Management Inc. acquired a new stake in shares of Universal Technical Institute in the fourth quarter worth approximately $713,000. Pullen Investment Management LLC boosted its stake in shares of Universal Technical Institute by 46.4% in the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after acquiring an additional 30,250 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Universal Technical Institute by 31.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,272 shares of the company's stock worth $1,910,000 after purchasing an additional 17,768 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in Universal Technical Institute by 27.2% in the 4th quarter. Two Sigma Investments LP now owns 87,074 shares of the company's stock valued at $2,239,000 after purchasing an additional 18,625 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Trading Down 6.0%

Shares of UTI stock traded down $2.10 during trading hours on Monday, hitting $33.26. The company had a trading volume of 1,342,338 shares, compared to its average volume of 595,481. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $1.81 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.61. The company's fifty day moving average is $30.67 and its 200 day moving average is $28.01. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released 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 analyst estimates of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UTI has been the subject of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, May 8th. Barrington Research raised their target price on Universal Technical Institute from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Truist Financial boosted their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. 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 objective for the company. Finally, Lake Street Capital reaffirmed a "buy" rating and set a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $35.83.

Insiders Place Their Bets

In other news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now owns 80,521 shares in the company, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now owns 227,358 shares of the company's stock, valued at $6,065,911.44. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,024 shares of company stock worth $3,466,170 over the last 90 days. Corporate insiders own 15.10% of the company's stock.

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.