Universal Technical Institute, Inc. (NYSE:UTI) Holdings Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 362.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 376,929 shares of the company’s stock after buying an additional 295,408 shares during the period. Harbor Capital Advisors Inc. owned 0.70% of Universal Technical Institute worth $9,691,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UTI. State Street Corp boosted its holdings in shares of Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after acquiring an additional 29,461 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after purchasing an additional 85,417 shares during the period. Guardian Wealth Management Inc. raised its stake in shares of Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock worth $1,407,000 after buying an additional 84,964 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Universal Technical Institute by 198.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after buying an additional 229,738 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Universal Technical Institute by 37.2% in the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock valued at $8,162,000 after buying an additional 140,600 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.60% of the stock is owned by insiders.

Universal Technical Institute Stock Down 2.8 %

Shares of Universal Technical Institute stock traded down $0.70 during midday trading on Friday, hitting $24.56. The company’s stock had a trading volume of 100,369 shares, compared to its average volume of 327,071. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute, Inc. has a 1-year low of $12.23 and a 1-year high of $26.71. The stock has a 50-day simple moving average of $23.87 and a 200-day simple moving average of $19.23. The firm has a market capitalization of $1.33 billion, a P/E ratio of 33.19, a PEG ratio of 1.78 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Northland Securities boosted their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Rosenblatt Securities boosted their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial raised their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Lake Street Capital upped their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Barrington Research raised their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $26.33.

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.