Trexquant Investment LP Has $5.19 Million Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Trexquant Investment LP grew its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 127.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,956 shares of the company’s stock after buying an additional 112,989 shares during the quarter. Trexquant Investment LP’s holdings in Universal Technical Institute were worth $5,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in UTI. Meeder Asset Management Inc. raised its position in Universal Technical Institute by 418.6% during the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company’s stock valued at $202,000 after acquiring an additional 6,337 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Universal Technical Institute by 50.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company’s stock valued at $15,874,000 after purchasing an additional 205,716 shares in the last quarter. Norges Bank acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $5,268,000. JPMorgan Chase & Co. lifted its stake in shares of Universal Technical Institute by 25.0% in the 4th quarter. JPMorgan Chase & Co. now owns 143,250 shares of the company’s stock valued at $3,683,000 after purchasing an additional 28,617 shares during the last quarter. Finally, Pier Capital LLC boosted its holdings in Universal Technical Institute by 2.4% in the fourth quarter. Pier Capital LLC now owns 566,663 shares of the company’s stock worth $14,569,000 after purchasing an additional 13,281 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Universal Technical Institute Stock Down 3.2 %

Shares of UTI opened at $25.26 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50-day simple moving average of $27.24 and a 200-day simple moving average of $23.45. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56. The firm has a market capitalization of $1.37 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI) last posted its quarterly 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%. On average, equities research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on UTI shares. B. Riley started coverage on Universal Technical Institute in a research report on Friday, March 28th. They issued a “buy” rating and a $31.00 price target for the company. Barrington Research boosted their target price on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Northland Securities increased their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Lake Street Capital lifted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities increased their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $32.17.

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.