Park West Asset Management LLC Has $35.02 Million Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Park West Asset Management LLC lessened its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,361,986 shares of the company's stock after selling 541,344 shares during the quarter. Universal Technical Institute accounts for approximately 2.8% of Park West Asset Management LLC's investment portfolio, making the stock its 18th biggest position. Park West Asset Management LLC owned about 2.51% of Universal Technical Institute worth $35,017,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Covestor Ltd increased its holdings in shares of Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after purchasing an additional 388 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth $79,000. Aquatic Capital Management LLC acquired a new position in Universal Technical Institute in the fourth quarter valued at about $118,000. Morse Asset Management Inc bought a new stake in Universal Technical Institute during the third quarter worth about $152,000. Finally, Meeder Asset Management Inc. grew its stake in Universal Technical Institute by 418.6% during the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock worth $202,000 after buying an additional 6,337 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now directly owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sherrell Smith sold 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $26.95, for a total transaction of $269,500.00. Following the transaction, the executive vice president now owns 157,663 shares in the company, valued at $4,249,017.85. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock valued at $2,578,450 over the last 90 days. Company insiders own 15.10% of the company's stock.

Universal Technical Institute Trading Up 3.0 %

UTI traded up $0.86 during midday trading on Friday, hitting $29.43. 755,538 shares of the company were exchanged, compared to its average volume of 559,375. The firm's 50 day moving average price is $27.05 and its 200-day moving average price is $25.19. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The firm has a market capitalization of $1.60 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.92 and a beta of 1.48. 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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UTI. Lake Street Capital upped their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Barrington Research reiterated an "outperform" rating and issued a $35.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 17th. Northland Securities upped their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Rosenblatt Securities lifted their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, B. Riley assumed 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 for the company. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $32.17.

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.