Calamos Advisors LLC Acquires New Stake in Universal Technical Institute Inc (NYSE:UTI)

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after buying an additional 388 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Universal Technical Institute in the 1st quarter worth about $84,000. Lazard Asset Management LLC purchased a new position in Universal Technical Institute in the 4th quarter worth about $101,000. Aquatic Capital Management LLC purchased a new position in Universal Technical Institute during the 4th quarter valued at about $118,000. Finally, Meeder Asset Management Inc. increased its position in Universal Technical Institute by 418.6% during the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after purchasing an additional 6,337 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, May 8th. B. Riley began coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They issued a "buy" rating and a $31.00 price target for the company. Truist Financial boosted their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Lake Street Capital reaffirmed a "buy" rating and set a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Six investment 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 presently has an average rating of "Buy" and a consensus target price of $35.83.

Insider Activity

In other news, COO Todd A. Hitchcock sold 27,500 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the sale, the chief operating officer owned 80,521 shares of the company's stock, valued at approximately $2,686,180.56. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George W. Brochick sold 6,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director directly owned 32,516 shares in the company, valued at $1,035,309.44. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,805 shares of company stock worth $1,116,995 in the last three months. Corporate insiders own 15.10% of the company's stock.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock traded down $0.36 during trading hours on Tuesday, reaching $31.50. 216,314 shares of the company's stock were exchanged, compared to its average volume of 605,756. Universal Technical Institute Inc has a 1 year low of $15.14 and a 1 year high of $36.32. The company has a market capitalization of $1.71 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 2.04 and a beta of 1.58. The business has a fifty day moving average of $33.25 and a two-hundred day moving average of $29.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.31.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced 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. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The firm had revenue of $207.45 million for the quarter, compared to analysts' expectations of $196.63 million. As a group, research analysts predict that Universal Technical Institute Inc will post 1 earnings per share 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.