Rothschild Investment LLC Sells 19,328 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Rothschild Investment LLC lessened its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 33.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,460 shares of the company's stock after selling 19,328 shares during the period. Rothschild Investment LLC owned about 0.07% of Universal Technical Institute worth $988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Precision Wealth Strategies LLC bought a new stake in shares of Universal Technical Institute in the fourth quarter worth approximately $632,000. Rhumbline Advisers boosted its stake in shares of 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. grew its holdings in shares of 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 acquiring an additional 2,335 shares during the period. Pembroke Management LTD increased its position in Universal Technical Institute by 22.6% during the fourth quarter. Pembroke Management LTD now owns 503,007 shares of the company's stock valued at $12,932,000 after acquiring an additional 92,844 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Universal Technical Institute by 19.7% during the 4th 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 period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Price Performance

UTI stock traded down $0.46 during trading on Tuesday, reaching $35.44. The company's stock had a trading volume of 720,564 shares, compared to its average volume of 594,303. The company's fifty day moving average is $29.91 and its 200-day moving average is $27.60. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $36.77. The company has a market capitalization of $1.93 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $207.45 million during the quarter, compared to analysts' expectations of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other news, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the sale, the executive vice president now directly owns 227,358 shares of the company's stock, valued at approximately $6,065,911.44. The trade was a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 value of $917,400.00. Following the completion of the sale, the chief operating officer now owns 80,521 shares in the company, valued at $2,686,180.56. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,024 shares of company stock valued at $3,466,170. 15.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 target price (up 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. Barrington Research upped their price target on Universal Technical Institute from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, B. Riley initiated coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.