Universal Technical Institute Inc $UTI Stock Holdings Decreased by Independent Advisor Alliance

Independent Advisor Alliance lowered its stake in Universal Technical Institute Inc (NYSE:UTI) by 77.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,835 shares of the company’s stock after selling 26,835 shares during the period. Independent Advisor Alliance’s holdings in Universal Technical Institute were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new stake in shares of Universal Technical Institute during the 3rd quarter valued at about $27,924,000. Baillie Gifford & Co. bought a new stake in shares of Universal Technical Institute during the 3rd quarter valued at about $18,901,000. Wasatch Advisors LP grew its position in shares of Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock valued at $76,851,000 after buying an additional 433,824 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Universal Technical Institute by 95.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 822,533 shares of the company’s stock valued at $26,773,000 after buying an additional 402,250 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Universal Technical Institute by 1,393.2% during the 3rd quarter. Millennium Management LLC now owns 269,982 shares of the company’s stock valued at $8,788,000 after buying an additional 251,901 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling

In other news, Director Shannon Lei Okinaka sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $34.74, for a total value of $347,400.00. Following the completion of the sale, the director directly owned 19,808 shares of the company’s stock, valued at approximately $688,129.92. This represents a 33.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Todd A. Hitchcock sold 16,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 directly owned 104,084 shares of the company’s stock, valued at approximately $3,885,455.72. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 159,211 shares of company stock worth $5,744,337. Company insiders own 9.80% of the company’s stock.

Analysts Set New Price Targets

UTI has been the subject of a number of recent research reports. Barrington Research boosted their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Universal Technical Institute in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.

Universal Technical Institute Trading Down 7.6%

Shares of NYSE:UTI opened at $36.09 on Wednesday. The company has a 50 day moving average of $36.82 and a 200-day moving average of $31.15. The firm has a market cap of $1.99 billion, a P/E ratio of 46.87, a P/E/G ratio of 3.43 and a beta of 1.28. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $41.53. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. As a group, analysts anticipate that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

About Universal Technical Institute

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.