297,101 Shares in Universal Technical Institute, Inc. (NYSE:UTI) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 297,101 shares of the company's stock, valued at approximately $7,638,000. Point72 Asset Management L.P. owned about 0.55% of Universal Technical Institute at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UTI. Wedge Capital Management L L P NC bought a new stake in Universal Technical Institute in the 4th quarter worth approximately $1,041,000. Precision Wealth Strategies LLC bought a new stake in Universal Technical Institute in the 4th quarter worth approximately $632,000. Rhumbline Advisers lifted its position in Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock worth $1,836,000 after buying an additional 19,453 shares during the last quarter. Principal Financial Group Inc. lifted its position in Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock worth $684,000 after buying an additional 2,335 shares during the last quarter. Finally, Pembroke Management LTD lifted its position in Universal Technical Institute by 22.6% in the 4th quarter. Pembroke Management LTD now owns 503,007 shares of the company's stock worth $12,932,000 after buying an additional 92,844 shares during the last quarter. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Up 2.0%

UTI stock traded up $0.68 during midday trading on Friday, hitting $34.97. The company had a trading volume of 821,163 shares, compared to its average volume of 598,045. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $36.32. The stock's 50 day moving average price is $28.91 and its 200 day moving average price is $26.90. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 21.25% and a net margin of 7.08%. The firm had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. As a group, equities research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company's stock, valued at approximately $963,360.03. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the transaction, the chief operating officer now directly owns 80,521 shares in the company, valued at $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,024 shares of company stock valued at $3,686,890. Company insiders own 15.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. B. Riley assumed coverage on Universal Technical Institute in a research report on Friday, March 28th. They issued a "buy" rating and a $31.00 target price for the company. Truist Financial boosted their target price on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 8th. Lake Street Capital boosted their price objective on Universal Technical Institute from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Barrington Research boosted their price objective on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Six 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, the stock presently has an average rating of "Buy" and an average price target of $35.83.

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.