Nuveen Asset Management LLC Acquires Shares of 100,945 Universal Technical Institute, Inc. (NYSE:UTI)

Nuveen Asset Management LLC acquired a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,945 shares of the company’s stock, valued at approximately $702,000. Nuveen Asset Management LLC owned about 0.31% of Universal Technical Institute at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UTI. UBS Group AG lifted its position in shares of Universal Technical Institute by 10,975.0% in the 2nd quarter. UBS Group AG now owns 9,303 shares of the company’s stock worth $65,000 after buying an additional 9,219 shares during the last quarter. Selective Wealth Management Inc. bought a new position in shares of Universal Technical Institute in the 2nd quarter worth about $77,000. Ritholtz Wealth Management lifted its position in shares of Universal Technical Institute by 17.7% in the 2nd quarter. Ritholtz Wealth Management now owns 13,604 shares of the company’s stock worth $95,000 after buying an additional 2,047 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Universal Technical Institute in the 2nd quarter worth about $109,000. Finally, American International Group Inc. bought a new position in shares of Universal Technical Institute in the 2nd quarter worth about $123,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

A number of research firms have recently issued reports on UTI. Argus downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Canaccord Genuity started coverage on shares of Universal Technical Institute in a research report on Thursday, September 17th. They issued a “buy” rating and a $12.00 price target on the stock. Barrington Research reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Universal Technical Institute in a report on Tuesday, September 15th. TheStreet cut shares of Universal Technical Institute from a “b-” rating to a “c+” rating in a report on Thursday, July 9th. Finally, Zacks Investment Research cut shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a report on Saturday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $9.46.

Universal Technical Institute stock opened at $5.11 on Friday. The stock has a market cap of $166.64 million, a price-to-earnings ratio of -46.45 and a beta of 0.91. The company’s 50-day moving average price is $6.10 and its two-hundred day moving average price is $6.67. Universal Technical Institute, Inc. has a 52 week low of $2.75 and a 52 week high of $9.76.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Thursday, August 6th. The company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.31). The company had revenue of $54.48 million for the quarter, compared to analyst estimates of $69.00 million. Universal Technical Institute had a net margin of 2.25% and a negative return on equity of 3.19%. On average, equities research analysts anticipate that Universal Technical Institute, Inc. will post -0.14 earnings per share for the current year.

In other news, Director Kimberly J. Mcwaters sold 40,000 shares of Universal Technical Institute stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $6.71, for a total value of $268,400.00. Following the transaction, the director now owns 337,953 shares of the company’s stock, valued at approximately $2,267,664.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly J. Mcwaters sold 5,362 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $6.06, for a total transaction of $32,493.72. Following the completion of the transaction, the director now directly owns 79,823 shares in the company, valued at approximately $483,727.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,362 shares of company stock worth $1,083,294. 16.30% of the stock is owned by corporate insiders.

Universal Technical Institute Profile

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

Further Reading: Cash Flow Analysis in Stock Selection

Institutional Ownership by Quarter for Universal Technical Institute (NYSE:UTI)

Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter.