Calamos Advisors LLC Purchases Shares of 120,140 Universal Technical Institute Inc (NYSE:UTI)

Calamos Advisors LLC bought a new stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,140 shares of the company's stock, valued at approximately $3,085,000. Calamos Advisors LLC owned 0.22% of Universal Technical Institute as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UTI. GAMMA Investing LLC increased its position in shares of Universal Technical Institute by 2,671.7% during the first quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock worth $224,000 after acquiring an additional 8,416 shares in the last quarter. Ameriprise Financial Inc. grew its position in Universal Technical Institute by 15.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock worth $2,332,000 after purchasing an additional 12,017 shares in the last quarter. Pullen Investment Management LLC grew its position in Universal Technical Institute by 46.4% in the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after purchasing an additional 30,250 shares in the last quarter. Pier Capital LLC grew its position in Universal Technical Institute by 2.4% in the 4th quarter. Pier Capital LLC now owns 566,663 shares of the company's stock worth $14,569,000 after purchasing an additional 13,281 shares in the last quarter. Finally, Northern Trust Corp grew its position in Universal Technical Institute by 8.6% in the 4th quarter. Northern Trust Corp now owns 373,754 shares of the company's stock worth $9,609,000 after purchasing an additional 29,755 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Insider Transactions at Universal Technical Institute

In other news, Director George W. Brochick sold 6,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the transaction, the director directly owned 32,516 shares in the company, valued at approximately $1,035,309.44. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the transaction, the chief operating officer owned 80,521 shares in the company, valued at approximately $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,597 shares of company stock worth $1,111,161. Company insiders own 15.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UTI shares. Truist Financial increased their target price 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 initiated coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They set a "buy" rating and a $31.00 price target on the stock. Lake Street Capital restated a "buy" rating and set a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, June 12th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $35.83.

Universal Technical Institute Stock Up 0.0%

NYSE UTI traded up $0.02 during trading hours on Wednesday, reaching $31.48. 232,058 shares of the company's stock traded hands, compared to its average volume of 604,806. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $1.71 billion, a PE ratio of 30.26, a PEG ratio of 2.01 and a beta of 1.58. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32. The firm has a 50-day simple moving average of $33.32 and a 200 day simple moving average of $29.12.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. The business had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. Sell-side analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

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.