Greenwood Capital Associates LLC Reduces Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Greenwood Capital Associates LLC lessened its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 57.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,957 shares of the company's stock after selling 28,230 shares during the period. Greenwood Capital Associates LLC's holdings in Universal Technical Institute were worth $538,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UTI. Rhumbline Advisers boosted its holdings 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 valued at $1,836,000 after acquiring an additional 19,453 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock valued at $684,000 after acquiring an additional 2,335 shares during the last quarter. Pembroke Management LTD boosted its holdings in shares of Universal Technical Institute by 22.6% in the 4th 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. New York State Common Retirement Fund boosted its holdings in shares of Universal Technical Institute by 19.7% in 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 acquiring an additional 14,517 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Universal Technical Institute in the 4th quarter valued at $79,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Price Performance

UTI traded up $0.11 during midday trading on Monday, hitting $33.69. 700,572 shares of the company traded hands, compared to its average volume of 599,745. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.92 and a beta of 1.61. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $36.32. The business has a 50 day simple moving average of $31.53 and a two-hundred day simple moving average of $28.31.

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

Insider Buying and Selling at Universal Technical Institute

In other news, EVP Sherrell Smith sold 10,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the completion of the sale, the executive vice president now directly owns 157,663 shares in the company, valued at $4,249,017.85. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George W. Brochick sold 6,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the sale, the director now owns 32,516 shares of the company's stock, valued at $1,035,309.44. This trade represents a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,251 shares of company stock valued at $2,485,066 over the last ninety days. Corporate insiders own 15.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price objective 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 issued a "buy" rating and a $31.00 target price for the company. Truist Financial boosted their target price 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. Barrington Research reiterated an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday. Finally, Lake Street Capital reiterated a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. 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, the company has an average rating of "Buy" and an average 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.