Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,929 shares of the company’s stock after purchasing an additional 3,557 shares during the quarter. SG Americas Securities LLC’s holdings in Universal Technical Institute were worth $199,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Universal Technical Institute by 2.3% in the 2nd quarter. BlackRock Inc. now owns 2,071,795 shares of the company’s stock worth $14,316,000 after purchasing an additional 47,025 shares during the period. Vanguard Group Inc. increased its stake in Universal Technical Institute by 19.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,918,314 shares of the company’s stock worth $16,075,000 after buying an additional 309,804 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Technical Institute by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,697,298 shares of the company’s stock worth $11,729,000 after buying an additional 103,815 shares in the last quarter. Renaissance Technologies LLC increased its stake in Universal Technical Institute by 0.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,537,294 shares of the company’s stock worth $13,605,000 after buying an additional 10,993 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Universal Technical Institute by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 640,833 shares of the company’s stock worth $4,428,000 after buying an additional 44,395 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Down 2.0 %

UTI opened at $14.96 on Friday. Universal Technical Institute, Inc. has a one year low of $5.63 and a one year high of $16.37. The stock has a market capitalization of $509.76 million, a PE ratio of 57.54, a P/E/G ratio of 1.45 and a beta of 1.20. The business’s 50 day moving average price is $15.05 and its 200 day moving average price is $12.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.11. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. The firm had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. As a group, equities research analysts expect that Universal Technical Institute, Inc. will post 0.7 EPS for the current year.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $301,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on UTI shares. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a research note on Thursday, February 1st. Northland Securities began coverage on Universal Technical Institute in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price target for the company. Rosenblatt Securities upped their price target on Universal Technical Institute from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barrington Research upped their price target on Universal Technical Institute from $15.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.20.

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.