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

Los Angeles Capital Management LLC acquired a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,300 shares of the company’s stock, valued at approximately $802,000. Los Angeles Capital Management LLC owned about 0.15% of Universal Technical Institute as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Universal Technical Institute by 1,152.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after acquiring an additional 2,880 shares during the last quarter. Tower Research Capital LLC TRC boosted 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 acquiring an additional 4,629 shares during the last quarter. AJOVista LLC acquired a new position in Universal Technical Institute in the fourth quarter valued at $78,000. Bfsg LLC acquired a new position in Universal Technical Institute in the fourth quarter valued at $102,000. Finally, New York State Common Retirement Fund boosted its holdings in Universal Technical Institute by 28.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after acquiring an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 0.8 %

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

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

Analyst Upgrades and Downgrades

UTI has been the topic of a number of research analyst reports. StockNews.com cut Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. B. Riley reissued a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research report on Monday, April 29th. Finally, Barrington Research reissued an “outperform” rating and issued a $20.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Insider Transactions at Universal Technical Institute

In other news, Director Loretta Lydia Sanchez sold 6,288 shares of Universal Technical Institute stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the sale, the director now directly owns 13,712 shares of the company’s stock, valued at $208,696.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.60% of the company’s stock.

About Universal Technical Institute

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.