Teton Advisors Inc. Lowers Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Teton Advisors Inc. lessened its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 14.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,500 shares of the company’s stock after selling 13,500 shares during the period. Teton Advisors Inc.’s holdings in Universal Technical Institute were worth $1,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Washington University acquired a new stake in shares of Universal Technical Institute during the fourth quarter worth $35,886,000. Dimensional Fund Advisors LP lifted its stake in shares of Universal Technical Institute by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,840,356 shares of the company’s stock worth $23,041,000 after buying an additional 63,445 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Universal Technical Institute by 6.6% during the third quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock worth $5,262,000 after buying an additional 38,630 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Universal Technical Institute by 2.6% during the fourth quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock worth $5,480,000 after buying an additional 11,286 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Universal Technical Institute by 1.6% during the third quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock worth $2,327,000 after buying an additional 4,503 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 8,719 shares of Universal Technical Institute stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total value of $131,395.33. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $301,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 27.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UTI shares. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Universal Technical Institute in a research note on Monday. Barrington Research reissued an “outperform” rating and set a $18.00 target price on shares of Universal Technical Institute in a report on Tuesday, April 23rd. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a report on Thursday, February 1st. StockNews.com cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Northland Securities initiated coverage on shares of Universal Technical Institute in a report on Wednesday, January 10th. They set an “outperform” rating and a $16.00 target price for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute presently has an average rating of “Moderate Buy” and a consensus price target of $15.40.

Universal Technical Institute Stock Performance

UTI traded up $0.12 on Thursday, reaching $15.41. The stock had a trading volume of 1,158,497 shares, compared to its average volume of 604,034. Universal Technical Institute, Inc. has a 12-month low of $5.63 and a 12-month high of $16.37. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $14.94 and its two-hundred day moving average price is $13.02. The company has a market cap of $525.17 million, a P/E ratio of 58.77, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22.

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

Universal Technical Institute 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.