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

Greenwood Capital Associates LLC reduced its position 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 Form 13F 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of UTI. Vanguard Group Inc. grew its position in Universal Technical Institute by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company's stock valued at $70,591,000 after purchasing an additional 44,103 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Universal Technical Institute by 194.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company's stock worth $47,497,000 after buying an additional 1,219,052 shares during the period. Dumac Inc. purchased a new stake in shares of Universal Technical Institute in the fourth quarter worth about $43,236,000. Renaissance Technologies LLC grew its position in shares of Universal Technical Institute by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company's stock valued at $30,566,000 after purchasing an additional 6,743 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Universal Technical Institute by 10.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock valued at $29,098,000 after purchasing an additional 109,255 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock traded up $0.64 during trading hours on Friday, reaching $33.65. The stock had a trading volume of 640,806 shares, compared to its average volume of 598,264. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $36.32. The stock's 50 day moving average is $31.22 and its 200 day moving average is $28.18. The firm has a market capitalization of $1.83 billion, a PE ratio of 34.69, a PEG ratio of 1.92 and a beta of 1.61.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS 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 firm had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. Equities analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UTI shares. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, May 8th. Lake Street Capital reissued 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. B. Riley began coverage on Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 target price for the company. Barrington Research reissued an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday. Finally, Truist Financial lifted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Universal Technical Institute presently has an average rating of "Buy" and an average target price of $35.83.

Insider Buying and Selling

In related news, EVP Sherrell Smith sold 36,773 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now directly owns 227,358 shares of the company's stock, valued at $6,065,911.44. This trade represents a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Todd A. Hitchcock sold 27,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the transaction, the chief operating officer now owns 80,521 shares of the company's stock, valued at $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. Insiders sold 120,024 shares of company stock worth $3,466,170 over the last 90 days. 15.10% of the stock is 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.