Universal Technical Institute, Inc. (NYSE:UTI) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 418.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,851 shares of the company’s stock after buying an additional 6,337 shares during the quarter. Meeder Asset Management Inc.’s holdings in Universal Technical Institute were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UTI. Quarry LP boosted its position in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at about $79,000. Morse Asset Management Inc purchased a new stake in Universal Technical Institute during the third quarter worth about $152,000. Y Intercept Hong Kong Ltd acquired a new position in Universal Technical Institute during the third quarter worth about $174,000. Finally, Intech Investment Management LLC purchased a new position in Universal Technical Institute in the third quarter valued at about $188,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now owns 34,917 shares in the company, valued at $963,360.03. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sherrell Smith sold 36,773 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the sale, the executive vice president now directly owns 227,358 shares of the company’s stock, valued at $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,219 shares of company stock worth $2,569,895 in the last 90 days. 15.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UTI has been the topic of several research analyst reports. Barrington Research boosted their price target on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. B. Riley began coverage on Universal Technical Institute in a report on Friday. They issued a “buy” rating and a $31.00 target price on the stock. Lake Street Capital raised their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Northland Securities raised their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $32.17.

Universal Technical Institute Trading Up 1.1 %

Shares of UTI opened at $25.65 on Tuesday. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56. The company has a market capitalization of $1.39 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The stock has a fifty day moving average of $27.28 and a two-hundred day moving average of $23.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, analysts forecast that Universal Technical Institute, Inc. will post 1 EPS 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.