Universal Technical Institute, Inc. (NYSE:UTI) Stake Boosted by Two Sigma Investments LP

Two Sigma Investments LP increased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 27.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,074 shares of the company's stock after acquiring an additional 18,625 shares during the period. Two Sigma Investments LP owned approximately 0.16% of Universal Technical Institute worth $2,239,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UTI. Covestor Ltd increased its position in Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after purchasing an additional 388 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Universal Technical Institute during the 4th quarter worth $79,000. Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at $101,000. Aquatic Capital Management LLC purchased a new stake in shares of Universal Technical Institute in the 4th quarter valued at about $118,000. Finally, Meeder Asset Management Inc. raised its position in Universal Technical Institute by 418.6% in the 4th quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after purchasing an additional 6,337 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UTI shares. Northland Securities lifted their price objective on shares of 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 lifted 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. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Barrington Research raised 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 report on Friday, March 28th. They issued a "buy" rating and a $31.00 price target for the company. Six investment 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, Universal Technical Institute presently has a consensus rating of "Buy" and an average target price of $35.83.

Universal Technical Institute Trading Down 1.3%

Shares of UTI traded down $0.46 on Tuesday, hitting $35.44. 720,564 shares of the stock traded hands, compared to its average volume of 594,302. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $36.77. The stock's 50 day moving average is $29.91 and its two-hundred day moving average is $27.60. The firm has a market capitalization of $1.93 billion, a P/E ratio of 36.54, a P/E/G 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating 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 company had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. As a group, sell-side analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Insider Activity 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 transaction 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 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 company's stock in a transaction that occurred on 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 directly owns 80,521 shares in the company, valued at approximately $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,024 shares of company stock worth $3,466,170. 15.10% of the stock is currently owned by 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.