Universal Technical Institute Inc $UTI Shares Bought by Clearbridge Investments LLC

Clearbridge Investments LLC raised its position in Universal Technical Institute Inc (NYSE:UTI) by 53.2% in the 4th quarter, Holdings Channel reports. The fund owned 555,573 shares of the company’s stock after acquiring an additional 193,017 shares during the period. Clearbridge Investments LLC’s holdings in Universal Technical Institute were worth $14,517,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Leuthold Group LLC lifted its stake in shares of Universal Technical Institute by 0.3% in the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after acquiring an additional 439 shares during the period. Verition Fund Management LLC lifted its stake in shares of Universal Technical Institute by 2.1% in the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after acquiring an additional 441 shares during the period. Engineers Gate Manager LP lifted its stake in shares of Universal Technical Institute by 4.3% in the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after acquiring an additional 506 shares during the period. SkyView Investment Advisors LLC increased its position in Universal Technical Institute by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after purchasing an additional 506 shares during the period. Finally, ProShare Advisors LLC increased its position in Universal Technical Institute by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 8,530 shares of the company’s stock worth $223,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Transactions at Universal Technical Institute

In related news, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares in the company, valued at $1,910,326.52. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George W. Brochick sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $36.59, for a total transaction of $182,950.00. Following the completion of the sale, the director owned 27,516 shares in the company, valued at $1,006,810.44. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,023,500 shares of company stock worth $125,087,270. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute Trading Up 0.9%

Shares of UTI opened at $39.62 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $38.06 and its two-hundred day moving average is $32.46. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $45.74. The firm has a market capitalization of $2.18 billion, a P/E ratio of 51.45, a PEG ratio of 3.45 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last issued its 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 for 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%. On average, research analysts predict that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UTI shares. Northland Securities set a $41.00 target price on Universal Technical Institute in a research report on Thursday, May 7th. Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Barrington Research raised their target price on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

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.