Rhumbline Advisers Has $1.52 Million Holdings in Universal Technical Institute Inc (NYSE:UTI)

Rhumbline Advisers lessened its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 16.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,305 shares of the company's stock after selling 12,102 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Universal Technical Institute worth $1,523,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its holdings in shares of Universal Technical Institute by 15.3% during the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after acquiring an additional 12,017 shares during the period. Pullen Investment Management LLC boosted its holdings in shares of Universal Technical Institute by 46.4% during the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock valued at $2,453,000 after acquiring an additional 30,250 shares during the period. Pier Capital LLC boosted its holdings in shares of Universal Technical Institute by 2.4% during the fourth quarter. Pier Capital LLC now owns 566,663 shares of the company's stock valued at $14,569,000 after acquiring an additional 13,281 shares during the period. Northern Trust Corp boosted its holdings in shares of Universal Technical Institute by 8.6% during the fourth quarter. Northern Trust Corp now owns 373,754 shares of the company's stock valued at $9,609,000 after acquiring an additional 29,755 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Universal Technical Institute by 11.5% during the fourth quarter. Deutsche Bank AG now owns 116,447 shares of the company's stock valued at $2,994,000 after acquiring an additional 11,988 shares during the period. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded up $0.05 during midday trading on Friday, reaching $33.22. 641,244 shares of the company traded hands, compared to its average volume of 601,304. Universal Technical Institute Inc has a 52 week low of $13.91 and a 52 week high of $36.32. The stock has a 50-day moving average price of $32.01 and a 200 day moving average price of $28.52. 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 company has a market cap of $1.81 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.10 and a beta of 1.61.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued 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 net margin of 7.34% and a return on equity of 21.40%. The business had revenue of $207.45 million for the quarter, compared to analysts' expectations of $196.63 million. Sell-side analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UTI shares. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, June 12th. Lake Street Capital reissued a "buy" rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Rosenblatt Securities reissued a "buy" rating and set 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 research note on Friday, March 28th. They set a "buy" rating and a $31.00 price objective on the stock. Finally, Truist Financial lifted their price objective 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute currently has an average rating of "Buy" and an average target price of $35.83.

Insiders Place Their Bets

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of the business's 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 sale, the director now directly owns 32,516 shares in the company, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the sale, the chief operating officer now owns 80,521 shares in the company, valued at approximately $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 33,805 shares of company stock worth $1,116,995. 15.10% of the stock is owned by corporate insiders.

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.