G2 Investment Partners Management LLC Purchases 155,924 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

G2 Investment Partners Management LLC increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 98.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,723 shares of the company's stock after purchasing an additional 155,924 shares during the period. Universal Technical Institute makes up about 2.1% of G2 Investment Partners Management LLC's portfolio, making the stock its 15th biggest holding. G2 Investment Partners Management LLC owned approximately 0.58% of Universal Technical Institute worth $8,092,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Universal Technical Institute by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company's stock valued at $70,591,000 after buying an additional 44,103 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Universal Technical Institute by 194.0% during the fourth 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 in the last quarter. Dumac Inc. bought a new position in Universal Technical Institute during the 4th quarter worth $43,236,000. Renaissance Technologies LLC raised its holdings in Universal Technical Institute by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company's stock valued at $30,566,000 after acquiring an additional 6,743 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Universal Technical Institute by 10.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock valued at $29,098,000 after acquiring an additional 109,255 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UTI has been the topic of several recent analyst reports. B. Riley initiated coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They issued a "buy" rating and a $31.00 target price on the stock. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $31.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Northland Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Barrington Research raised their target price 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, Rosenblatt Securities restated a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 8th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $33.00.

Universal Technical Institute Trading Down 7.2%

UTI traded down $2.46 during trading on Tuesday, hitting $31.68. The company's stock had a trading volume of 3,906,562 shares, compared to its average volume of 576,721. The firm has a market capitalization of $1.72 billion, a P/E ratio of 32.66, a PEG ratio of 1.92 and a beta of 1.57. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $35.49. The stock's fifty day moving average price is $27.51 and its 200-day moving average price is $25.89. 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 released 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 7.08% and a return on equity of 21.25%. The firm had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. Analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total value of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares in the company, valued at approximately $6,065,911.44. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now directly owns 34,917 shares in the company, valued at approximately $963,360.03. This represents a 18.64% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 94,524 shares of company stock valued at $2,578,450. 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.