GAMMA Investing LLC Increases Stock Position in Universal Technical Institute Inc (NYSE:UTI)

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

Several other large investors have also made changes to their positions in the business. Rhumbline Advisers increased its stake in shares of 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. lifted its stake in 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 buying an additional 2,335 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in 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 worth $2,268,000 after buying an additional 14,517 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute during the 4th quarter worth approximately $79,000. Finally, Navellier & Associates Inc. raised its holdings in shares of Universal Technical Institute by 14.5% during the fourth quarter. Navellier & Associates Inc. now owns 143,281 shares of the company's stock valued at $3,684,000 after acquiring an additional 18,172 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director George W. Brochick sold 6,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $1,035,309.44. This trade represents a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 owns 80,521 shares in the company, valued at $2,686,180.56. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,805 shares of company stock valued at $1,116,995 over the last ninety days. Company insiders own 15.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

Universal Technical Institute Trading Down 3.6%

NYSE UTI traded down $1.22 on Wednesday, reaching $33.03. 491,704 shares of the company were exchanged, compared to its average volume of 603,287. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.31. The business's fifty day moving average price is $32.28 and its 200 day moving average price is $28.64. The stock has a market capitalization of $1.80 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 2.19 and a beta of 1.61. Universal Technical Institute Inc has a fifty-two week low of $14.36 and a fifty-two week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. The business had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

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.