Los Angeles Capital Management LLC Makes New $802,000 Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Los Angeles Capital Management LLC bought a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI) in the 1st quarter, Holdings Channel reports. The institutional investor bought 50,300 shares of the company’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UTI. Washington University acquired a new position in shares of Universal Technical Institute during the fourth quarter worth $35,886,000. Tower Research Capital LLC TRC increased its holdings in Universal Technical Institute by 297.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock valued at $77,000 after purchasing an additional 4,629 shares during the period. Russell Investments Group Ltd. acquired a new stake in Universal Technical Institute in the fourth quarter valued at $949,000. First Eagle Investment Management LLC increased its holdings in Universal Technical Institute by 2.6% in the fourth quarter. First Eagle Investment Management LLC now owns 437,677 shares of the company’s stock valued at $5,480,000 after purchasing an additional 11,286 shares during the period. Finally, Jump Financial LLC acquired a new stake in Universal Technical Institute in the fourth quarter valued at $503,000. 75.67% of the stock is currently owned by institutional investors.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $15.22, for a total value of $95,703.36. Following the transaction, the director now owns 13,712 shares of the company’s stock, valued at approximately $208,696.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 27.60% of the stock is owned by insiders.

Universal Technical Institute Price Performance

UTI stock opened at $14.03 on Tuesday. The stock has a market capitalization of $754.81 million, a PE ratio of 38.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company’s 50-day moving average is $14.95 and its 200-day moving average is $14.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute, Inc. has a 1 year low of $6.45 and a 1 year high of $17.09.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. The business had revenue of $184.18 million during the quarter, compared to the consensus estimate of $177.01 million. Equities research analysts expect that Universal Technical Institute, Inc. will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on UTI. StockNews.com downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. B. Riley reiterated a “buy” rating and set a $22.00 price target (up from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price target on shares of Universal Technical Institute in a report on Monday, April 29th. Finally, Barrington Research reiterated an “outperform” rating and set a $20.00 price target on shares of Universal Technical Institute in a report on Tuesday, May 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

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.