Register Financial Advisors LLC Cuts Position in Universal Technical Institute Inc (NYSE:UTI)

Register Financial Advisors LLC lowered its position in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the company's stock after selling 8,000 shares during the quarter. Register Financial Advisors LLC's holdings in Universal Technical Institute were worth $308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dumac Inc. bought a new stake in Universal Technical Institute during the 4th quarter valued at $43,236,000. Lord Abbett & CO. LLC boosted its position in Universal Technical Institute by 194.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company's stock valued at $47,497,000 after acquiring an additional 1,219,052 shares in the last quarter. Victory Capital Management Inc. boosted its position in Universal Technical Institute by 1,377.1% during the 4th quarter. Victory Capital Management Inc. now owns 518,256 shares of the company's stock valued at $13,324,000 after acquiring an additional 483,170 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Universal Technical Institute during the 4th quarter valued at $7,638,000. Finally, Divisadero Street Capital Management LP bought a new stake in Universal Technical Institute during the 4th quarter valued at $6,685,000. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Stock Performance

UTI stock traded up $0.05 during midday trading on Friday, reaching $33.22. The stock had a trading volume of 641,244 shares, compared to its average volume of 601,304. The stock has a market cap of $1.81 billion, a PE ratio of 31.94, a P/E/G ratio of 2.10 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day simple moving average of $32.01 and a two-hundred day simple moving average of $28.52. Universal Technical Institute Inc has a 52-week low of $13.91 and a 52-week high of $36.32.

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

Insider Activity at Universal Technical Institute

In related news, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the transaction, the director now owns 32,516 shares in the company, valued at $1,035,309.44. The trade was a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction dated Thursday, May 15th. The shares were 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 owns 80,521 shares of the company's stock, 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 sold a total of 33,805 shares of company stock worth $1,116,995 in the last 90 days. Corporate insiders own 15.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 8th. Truist Financial raised their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barrington Research reissued an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, June 12th. Lake Street Capital reissued a "buy" rating and issued a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, B. Riley assumed coverage on Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Universal Technical Institute has a consensus rating of "Buy" and a consensus price target of $35.83.

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.