Nkcfo LLC Acquires New Position in Universal Technical Institute, Inc. (NYSE:UTI)

Nkcfo LLC acquired a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $188,000.

Other hedge funds also recently made changes to their positions in the company. Brandywine Global Investment Management LLC boosted its stake in Universal Technical Institute by 8.3% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock worth $130,000 after purchasing an additional 1,190 shares during the period. Kennedy Capital Management LLC boosted its stake in Universal Technical Institute by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock worth $624,000 after purchasing an additional 1,751 shares during the period. New York State Common Retirement Fund boosted its stake in Universal Technical Institute by 28.0% in the 4th quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock worth $131,000 after purchasing an additional 2,296 shares during the period. International Assets Investment Management LLC boosted its stake in Universal Technical Institute by 1,152.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock worth $39,000 after purchasing an additional 2,880 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Universal Technical Institute by 28.8% in the 4th quarter. SG Americas Securities LLC now owns 15,929 shares of the company’s stock worth $199,000 after purchasing an additional 3,557 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Trading Up 1.3 %

UTI traded up $0.20 during trading on Friday, reaching $15.61. The company had a trading volume of 1,280,545 shares, compared to its average volume of 402,329. The stock has a market cap of $531.99 million, a P/E ratio of 60.04, a PEG ratio of 1.48 and a beta of 1.22. The business has a 50 day simple moving average of $14.96 and a 200-day simple moving average of $13.12. Universal Technical Institute, Inc. has a 52 week low of $5.63 and a 52 week high of $16.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.72.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. The company had revenue of $174.70 million during the quarter, compared to the consensus estimate of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on UTI. StockNews.com downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 target price on shares of Universal Technical Institute in a research report on Monday, April 29th. Barrington Research reiterated an “outperform” rating and set a $18.00 target price on shares of Universal Technical Institute in a research report on Tuesday, April 23rd. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Finally, Northland Securities initiated coverage on Universal Technical Institute in a research report on Wednesday, January 10th. They set an “outperform” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.40.

Insider Buying and Selling

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

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.