Dakota Wealth Management Buys Shares of 39,494 Universal Technical Institute Inc (NYSE:UTI)

Dakota Wealth Management bought a new position 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 & Exchange Commission. The firm bought 39,494 shares of the company's stock, valued at approximately $1,014,000. Dakota Wealth Management owned about 0.07% of Universal Technical Institute as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of UTI. Dumac Inc. bought a new position in Universal Technical Institute during the fourth quarter worth $43,236,000. Lord Abbett & CO. LLC raised its stake in Universal Technical Institute by 194.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company's stock worth $47,497,000 after buying an additional 1,219,052 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Universal Technical Institute during the fourth quarter worth $7,638,000. Divisadero Street Capital Management LP bought a new stake in Universal Technical Institute in the fourth quarter valued at $6,685,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Universal Technical Institute by 50.0% in the fourth 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 in the last quarter. Institutional investors own 75.67% of the company's stock.

Insider Activity

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of the 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 completion of the sale, the director owned 32,516 shares in the company, valued at approximately $1,035,309.44. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the transaction, the chief operating officer directly owned 80,521 shares in the company, valued at approximately $2,686,180.56. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Up 2.1%

Shares of NYSE:UTI traded up $0.68 during midday trading on Thursday, hitting $32.54. 628,416 shares of the company's stock were exchanged, compared to its average volume of 601,559. 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 stock has a 50 day moving average price of $33.62 and a 200-day moving average price of $29.37. The company has a market cap of $1.77 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.58. Universal Technical Institute Inc has a 12 month low of $15.14 and a 12 month high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its 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 company had revenue of $207.45 million during 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%. On average, sell-side analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UTI has been the subject of several research analyst reports. 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. B. Riley initiated coverage on shares of 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. 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. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, June 12th. Finally, Truist Financial lifted 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 note on Thursday, May 22nd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Universal Technical Institute presently has an average rating of "Buy" and a consensus target price of $35.83.

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.