ProShare Advisors LLC Invests $286,000 in Universal Technical Institute, Inc. (NYSE:UTI)

ProShare Advisors LLC bought a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,123 shares of the company's stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UTI. Precision Wealth Strategies LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter valued at approximately $632,000. Rhumbline Advisers lifted its holdings in Universal Technical Institute by 37.4% during 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. boosted its holdings in Universal Technical Institute by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock worth $684,000 after purchasing an additional 2,335 shares during the period. Pembroke Management LTD grew its position in shares of Universal Technical Institute by 22.6% during the 4th quarter. Pembroke Management LTD now owns 503,007 shares of the company's stock valued at $12,932,000 after buying an additional 92,844 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Universal Technical Institute by 19.7% during the fourth quarter. New York State Common Retirement Fund now owns 88,222 shares of the company's stock valued at $2,268,000 after purchasing an additional 14,517 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock traded down $0.33 during trading on Tuesday, reaching $35.57. The company's stock had a trading volume of 444,826 shares, compared to its average volume of 593,233. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $36.77. 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 firm has a market cap of $1.94 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The business's fifty day moving average price is $29.91 and its 200-day moving average price is $27.60.

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. 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 the consensus estimate of $196.63 million. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UTI. Truist Financial upped their price objective 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. Barrington Research raised their target price 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. Lake Street Capital restated a "buy" rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Rosenblatt Securities reissued a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Finally, Northland Securities increased their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Universal Technical Institute has an average rating of "Buy" and a consensus price target of $35.83.

Insider Buying and Selling at Universal Technical Institute

In related news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the completion of the transaction, the chief operating officer now directly owns 80,521 shares of the company's stock, valued at $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sherrell Smith sold 36,773 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the sale, the executive vice president now directly owns 227,358 shares in the company, valued at approximately $6,065,911.44. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,024 shares of company stock worth $3,466,170. 15.10% of the stock is currently owned by insiders.

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.