Tidal Investments LLC Invests $210,000 in Universal Technical Institute, Inc. (NYSE:UTI)

Tidal Investments LLC bought a new stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,165 shares of the company's stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dumac Inc. bought a new stake in Universal Technical Institute in the 4th quarter valued at $43,236,000. Lord Abbett & CO. LLC boosted its position in shares of 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. increased its stake in Universal Technical Institute by 1,377.1% in the fourth 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 during the period. Point72 Asset Management L.P. bought a new stake in Universal Technical Institute in the fourth quarter valued at about $7,638,000. Finally, Divisadero Street Capital Management LP acquired a new position in Universal Technical Institute in the fourth quarter worth about $6,685,000. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Price Performance

UTI stock traded up $0.26 during midday trading on Wednesday, reaching $35.66. 563,062 shares of the company's stock traded hands, compared to its average volume of 592,646. The company has a 50-day simple moving average of $30.30 and a two-hundred day simple moving average of $27.71. 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, Inc. has a 1-year low of $13.66 and a 1-year high of $36.57. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results 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 21.25% and a net margin of 7.08%. The company had revenue of $207.45 million during the quarter, compared to analyst estimates of $196.63 million. On average, analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UTI shares. Barrington Research lifted their price objective on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 8th. Northland Securities upped their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Truist Financial increased their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, B. Riley assumed coverage on Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $35.83.

Insiders Place Their Bets

In other news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction on 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 directly owns 80,521 shares of the company's stock, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Brochick sold 6,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the transaction, the director now directly owns 32,516 shares in the company, valued at $1,035,309.44. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,024 shares of company stock valued at $3,466,170 in the last 90 days. 15.10% of the stock is currently owned by insiders.

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.