Universal Technical Institute Inc $UTI Holdings Cut by Annex Advisory Services LLC

Annex Advisory Services LLC lowered its holdings in Universal Technical Institute Inc (NYSE:UTI) by 45.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,864 shares of the company’s stock after selling 26,126 shares during the period. Annex Advisory Services LLC owned about 0.06% of Universal Technical Institute worth $806,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute during the second quarter valued at approximately $27,000. NewEdge Advisors LLC bought a new stake in shares of Universal Technical Institute during the first quarter valued at approximately $57,000. State of Alaska Department of Revenue bought a new stake in shares of Universal Technical Institute during the third quarter valued at approximately $92,000. Norden Group LLC bought a new stake in shares of Universal Technical Institute during the third quarter valued at approximately $205,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Universal Technical Institute during the third quarter valued at approximately $212,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 0.4%

NYSE UTI opened at $35.36 on Thursday. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $40.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.05 and a beta of 1.33. The firm’s 50 day moving average price is $34.34 and its two-hundred day moving average price is $30.31.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $220.84 million for the quarter, compared to analysts’ expectations of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. Equities 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, COO Todd A. Hitchcock sold 16,500 shares of Universal Technical Institute stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total transaction of $615,945.00. Following the completion of the sale, the chief operating officer owned 104,084 shares of the company’s stock, valued at $3,885,455.72. This trade represents a 13.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 60,040 shares of Universal Technical Institute stock in a transaction on Friday, February 27th. The shares were sold at an average price of $34.95, for a total transaction of $2,098,398.00. Following the sale, the chief executive officer directly owned 430,215 shares of the company’s stock, valued at $15,036,014.25. This trade represents a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 145,961 shares of company stock worth $5,248,127. 9.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Rosenblatt Securities reiterated a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. Barrington Research reiterated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. Finally, Weiss Ratings lowered shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Universal Technical Institute Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.