Qube Research & Technologies Ltd buys 10,151 shares of Universal Technical Institute, Inc. (NYSE: UTI)


Qube Research & Technologies Ltd increased its stake in shares of Universal Technical Institute, Inc. (NYSE: UTI – Get Rating) by 39.8% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The fund held 35,659 shares of the company after acquiring an additional 10,151 shares during the quarter. Qube Research & Technologies Ltd held approximately 0.11% of Universal Technical Institute worth $316,000 when last filed with the SEC.

A number of other hedge funds have also recently increased or reduced their holdings in the stock. American Century Companies Inc. increased its stake in Universal Technical Institute by 18.9% during the 4th quarter. American Century Companies Inc. now owns 12,385 shares of the company worth $97,000 after acquiring 1,969 additional shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Universal Technical Institute by 59.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 8,041 shares of the company valued at $63,000 after buying an additional 3,000 shares in the last quarter. Oak Family Advisors LLC increased its stake in shares of Universal Technical Institute by 9.0% in Q1. Oak Family Advisors LLC now owns 49,067 shares of the company valued at $434,000 after purchasing an additional 4,036 shares in the last quarter. Weil Company Inc. increased its stake in shares of Universal Technical Institute by 10.2% in the 4th quarter. Weil Company Inc. now owns 64,991 shares of the company valued at $508,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Options Solutions LLC bought a new position in shares of Universal Technical Institute in Q4, valued at around $90,000. Institutional investors hold 70.66% of the company’s shares.

Changes to analyst ratings

Several research analysts have recently released reports on the stock. StockNews.com downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a Friday, August 12 research rating. Barrington Research raised its price target on Universal Technical Institute shares from $10.00 to $14.00 and gave the company a “buy” rating in a Thursday, May 5 research note. Rosenblatt Securities cut its price target on Universal Technical Institute stock from $11.00 to $10.00 and set a “buy” rating on the stock in a Thursday, August 4 research note . Finally, Argus upgraded Universal Technical Institute’s stock from a “hold” to a “buy” rating and set a $10.00 price target on the stock in a Tuesday research report. June 28. They noted that the move was a review call. One analyst rated the stock with a hold rating and four have issued a buy rating for the company’s stock. According to MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.80.

Insiders place their bets

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 20,000 shares of the company in a trade that took place on Tuesday, May 31. The shares were sold at an average price of $9.08, for a total transaction of $181,600.00. Following the sale, the CEO now directly owns 87,152 shares of the company, valued at approximately $791,340.16. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Company insiders own 3.50% of the company’s shares.

Performance of shares of the Universal Technical Institute

UTI shares opened at $6.99 on Thursday. The company has a debt ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $236.03 million, a P/E ratio of 12.71, a price-to-earnings growth ratio of 0.92, and a beta of 0.65. The company’s 50-day moving average price is $7.42 and its two-hundred-day moving average price is $8.40. Universal Technical Institute, Inc. has a 52-week minimum of $6.43 and a 52-week maximum of $11.45.

About Universal Technical Institute

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Universal Technical Institute, Inc. offers transportation and technical training programs in the United States. The company provides post-secondary education to students who wish to pursue careers as professional automotive, diesel, body repair, motorcycle and marine technicians. It also offers certificate, diploma, or diploma programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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Institutional ownership by quarter for Universal Technical Institute (NYSE:UTI)



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