Calamos Advisors LLC Makes New $421,000 Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Calamos Advisors LLC bought a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI) in the 4th quarter, HoldingsChannel reports. The fund bought 33,662 shares of the company’s stock, valued at approximately $421,000.

Several other hedge funds also recently bought and sold shares of the stock. Washington University purchased a new position in Universal Technical Institute during the fourth quarter worth about $35,886,000. Pacific Ridge Capital Partners LLC boosted its stake in Universal Technical Institute by 6.6% during the third quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock worth $5,262,000 after buying an additional 38,630 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Universal Technical Institute by 15.0% in the third quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock valued at $3,573,000 after purchasing an additional 55,608 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Universal Technical Institute by 1.6% in the third quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock valued at $2,327,000 after purchasing an additional 4,503 shares during the period. Finally, EAM Investors LLC purchased a new position in shares of Universal Technical Institute in the third quarter valued at approximately $1,557,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UTI has been the subject of several recent research reports. StockNews.com lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Northland Securities initiated coverage on shares of Universal Technical Institute in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price objective for the company. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research note on Thursday, February 1st. Finally, Barrington Research lifted their price target on shares of Universal Technical Institute from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average price target of $15.20.

Insiders Place Their Bets

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 sale, the director now owns 20,000 shares of the company’s stock, valued at $301,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.60% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Down 0.4 %

Shares of Universal Technical Institute stock opened at $14.52 on Tuesday. Universal Technical Institute, Inc. has a 52-week low of $5.63 and a 52-week high of $16.37. The company has a 50 day moving average of $14.94 and a 200 day moving average of $12.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $494.84 million, a P/E ratio of 55.85, a P/E/G ratio of 1.38 and a beta of 1.20.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. The company had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $168.19 million. As a group, research analysts forecast that Universal Technical Institute, Inc. will post 0.7 EPS 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.