Universal Technical Institute Inc (NYSE:UTI) Stake Raised by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 2,671.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,731 shares of the company's stock after buying an additional 8,416 shares during the period. GAMMA Investing LLC's holdings in Universal Technical Institute were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in UTI. Rhumbline Advisers raised its holdings in Universal Technical Institute by 37.4% during the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock worth $1,836,000 after purchasing an additional 19,453 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Universal Technical Institute by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock worth $684,000 after purchasing an additional 2,335 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Universal Technical Institute by 19.7% during the fourth quarter. New York State Common Retirement Fund now owns 88,222 shares of the company's stock worth $2,268,000 after purchasing an additional 14,517 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Universal Technical Institute during the fourth quarter worth approximately $79,000. Finally, Navellier & Associates Inc. raised its holdings in Universal Technical Institute by 14.5% during the fourth quarter. Navellier & Associates Inc. now owns 143,281 shares of the company's stock worth $3,684,000 after purchasing an additional 18,172 shares in the last quarter. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Up 0.1%

NYSE UTI opened at $33.22 on Friday. Universal Technical Institute Inc has a twelve month low of $13.91 and a twelve month high of $36.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.10 and a beta of 1.61. The firm's 50 day moving average price is $32.01 and its two-hundred day moving average price is $28.52.

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 for the quarter, topping the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The firm had revenue of $207.45 million for the quarter, compared to analysts' expectations of $196.63 million. Equities analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current year.

Insiders Place Their Bets

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction that occurred on 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 directly owns 80,521 shares in the company, valued at approximately $2,686,180.56. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George W. Brochick sold 6,000 shares of Universal Technical Institute stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the transaction, the director now owns 32,516 shares in the company, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,805 shares of company stock worth $1,116,995. Corporate insiders own 15.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UTI shares. B. Riley started coverage on Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 target price on the stock. Lake Street Capital restated a "buy" rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Truist Financial upped their price target on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, June 12th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, May 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $35.83.

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.

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