Greenwood Capital Associates LLC Sells 7,260 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Greenwood Capital Associates LLC trimmed its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 6.7% in the fourth quarter, HoldingsChannel reports. The fund owned 101,876 shares of the company’s stock after selling 7,260 shares during the period. Greenwood Capital Associates LLC’s holdings in Universal Technical Institute were worth $1,275,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UTI. International Assets Investment Management LLC lifted its stake 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 worth $39,000 after purchasing an additional 2,880 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Universal Technical Institute by 297.3% during the 4th 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 period. AJOVista LLC bought a new position in Universal Technical Institute during the 4th quarter worth approximately $78,000. Bfsg LLC purchased a new position in Universal Technical Institute in the 4th quarter worth approximately $102,000. Finally, Brandywine Global Investment Management LLC lifted its position in Universal Technical Institute by 8.3% in the third quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock valued at $130,000 after purchasing an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 8,719 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total transaction of $131,395.33. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $301,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UTI shares. B. Riley restated a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research report on Monday, April 29th. Barrington Research reissued an “outperform” rating and issued a $20.00 target price on shares of Universal Technical Institute in a research note on Tuesday, May 28th. Finally, StockNews.com lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

Universal Technical Institute Trading Down 2.3 %

UTI stock traded down $0.33 during trading on Friday, reaching $13.84. The company had a trading volume of 330,930 shares, compared to its average volume of 609,906. The business has a 50 day moving average of $15.09 and a 200 day moving average of $14.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $744.59 million, a P/E ratio of 38.45, a PEG ratio of 1.30 and a beta of 1.24. Universal Technical Institute, Inc. has a 52 week low of $6.34 and a 52 week high of $17.09.

Universal Technical Institute (NYSE:UTI) last released 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). The firm had revenue of $184.18 million for the quarter, compared to the consensus estimate of $177.01 million. Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. As a group, sell-side analysts forecast that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal 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.