Arcadia Wealth Management Inc. Takes Position in Universal Technical Institute, Inc. (NYSE:UTI)

Arcadia Wealth Management Inc. purchased a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,746 shares of the company's stock, valued at approximately $713,000. Universal Technical Institute makes up approximately 0.6% of Arcadia Wealth Management Inc.'s holdings, making the stock its 27th largest position. Arcadia Wealth Management Inc. owned 0.05% of Universal Technical Institute at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UTI. Rhumbline Advisers lifted its position in Universal Technical Institute by 37.4% during the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock valued at $1,836,000 after purchasing an additional 19,453 shares during the period. Pier Capital LLC lifted its position in Universal Technical Institute by 2.4% during the 4th quarter. Pier Capital LLC now owns 566,663 shares of the company's stock valued at $14,569,000 after purchasing an additional 13,281 shares during the period. Northern Trust Corp lifted its position in Universal Technical Institute by 8.6% during the 4th quarter. Northern Trust Corp now owns 373,754 shares of the company's stock valued at $9,609,000 after purchasing an additional 29,755 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Universal Technical Institute by 50.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company's stock valued at $15,874,000 after purchasing an additional 205,716 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Universal Technical Institute during the 4th quarter valued at about $7,638,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Wall Street Analyst Weigh In

UTI has been the subject of a number of recent analyst reports. Northland Securities upped their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 8th. B. Riley initiated coverage on Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 price target for the company. Barrington Research upped their price target on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 price target (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 given a strong buy rating to the stock. According to data from MarketBeat, Universal Technical Institute currently has an average rating of "Buy" and an average target price of $35.83.

Insider Transactions at Universal Technical Institute

In other news, Director George W. Brochick sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the transaction, the director now directly owns 32,516 shares of the company's stock, valued at $1,035,309.44. This trade represents a 15.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sherrell Smith sold 36,773 shares of the firm's 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 transaction, the executive vice president now directly owns 227,358 shares of the company's stock, valued at $6,065,911.44. This represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,024 shares of company stock valued at $3,466,170 in the last ninety days. 15.10% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Down 0.1%

NYSE UTI traded down $0.02 during trading hours on Wednesday, reaching $35.74. 647,856 shares of the company's stock were exchanged, compared to its average volume of 600,092. The company's 50-day moving average is $29.40 and its two-hundred day moving average is $27.18. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $36.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57.

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, topping analysts' consensus estimates of $0.14 by $0.07. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. The business had revenue of $207.45 million during the quarter, compared to analysts' expectations of $196.63 million. On average, analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

About Universal Technical Institute

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.