Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Universal Technical Institute, Inc. (NYSE:UTI) by 81.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,998 shares of the company’s stock after selling 156,530 shares during the quarter. Victory Capital Management Inc.’s holdings in Universal Technical Institute were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after purchasing an additional 842,765 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Universal Technical Institute by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,840,356 shares of the company’s stock valued at $23,041,000 after purchasing an additional 63,445 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Universal Technical Institute in the 2nd quarter valued at about $9,032,000. Pembroke Management LTD raised its stake in Universal Technical Institute by 646.3% in the 2nd quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock valued at $5,809,000 after purchasing an additional 319,820 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Universal Technical Institute by 341.1% in the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock valued at $5,329,000 after purchasing an additional 258,532 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, August 7th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Northland Securities upped their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $21.60.

Insider Transactions at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the sale, the chief executive officer now owns 136,443 shares in the company, valued at approximately $2,391,845.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Down 2.7 %

Shares of NYSE:UTI opened at $16.46 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute, Inc. has a 1 year low of $7.78 and a 1 year high of $19.79. The stock has a market capitalization of $885.56 million, a P/E ratio of 45.72, a PEG ratio of 1.58 and a beta of 1.35. The stock has a 50-day simple moving average of $17.41 and a 200-day simple moving average of $15.92.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. The business had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. During the same quarter in the previous year, the business earned ($0.05) EPS. Equities analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current year.

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.