EntryPoint Capital LLC Makes New Investment in Universal Technical Institute, Inc. (NYSE:UTI)

EntryPoint Capital LLC purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,638 shares of the company’s stock, valued at approximately $1,071,000. Universal Technical Institute makes up approximately 0.5% of EntryPoint Capital LLC’s portfolio, making the stock its 3rd biggest position. EntryPoint Capital LLC owned about 0.08% of Universal Technical Institute as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UTI. Vanguard Group Inc. increased its stake in Universal Technical Institute by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company’s stock valued at $70,591,000 after purchasing an additional 44,103 shares in the last quarter. American Century Companies Inc. increased its position in shares of Universal Technical Institute by 16.3% during the fourth quarter. American Century Companies Inc. now owns 973,162 shares of the company’s stock valued at $25,020,000 after acquiring an additional 136,642 shares in the last quarter. Geode Capital Management LLC raised its holdings in Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after acquiring an additional 85,417 shares during the last quarter. FMR LLC lifted its position in Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after acquiring an additional 878,038 shares in the last quarter. Finally, State Street Corp boosted its stake in Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares during the last quarter. Hedge funds and other institutional investors 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 the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 34,917 shares in the company, valued at $963,360.03. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sherrell Smith sold 36,773 shares of the firm’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 owns 227,358 shares in the company, valued at $6,065,911.44. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,219 shares of company stock valued at $2,300,395. Company insiders own 15.10% of the company’s stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $27.38 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.49 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The firm’s 50 day moving average price is $27.28 and its 200-day moving average price is $22.93. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities research analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Analysts Set New Price Targets

UTI has been the subject of several recent analyst reports. Lake Street Capital boosted their price target on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Barrington Research upped their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Northland Securities lifted their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $31.17.

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.