Gamco Investors INC. ET AL Sells 4,200 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Gamco Investors INC. ET AL lessened its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 208,900 shares of the company’s stock after selling 4,200 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Universal Technical Institute were worth $5,371,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UTI. Covestor Ltd raised its stake in shares of Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company’s stock valued at $51,000 after acquiring an additional 388 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Universal Technical Institute in the 4th quarter worth about $79,000. Morse Asset Management Inc bought a new stake in Universal Technical Institute in the third quarter worth about $152,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Universal Technical Institute during the third quarter valued at approximately $174,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Universal Technical Institute by 418.6% during the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock valued at $202,000 after buying an additional 6,337 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Down 1.3 %

Shares of Universal Technical Institute stock opened at $27.74 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.92 and a beta of 1.48. The firm’s 50-day moving average is $27.09 and its two-hundred day moving average is $24.13. Universal Technical Institute, Inc. has a 1 year low of $13.66 and a 1 year high of $30.56.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other news, EVP Sherrell Smith sold 36,773 shares of the firm’s 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Brochick sold 8,000 shares of the business’s 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 owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,427 shares of company stock valued at $2,575,729. 15.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UTI has been the subject of a number of research analyst reports. Lake Street Capital raised their price target on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Rosenblatt Securities lifted their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. B. Riley initiated coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a “buy” rating and a $31.00 price target on the stock. Northland Securities lifted 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. Finally, Barrington Research upped their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.