Rhumbline Advisers Increases Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Rhumbline Advisers raised its position in Universal Technical Institute, Inc. (NYSE:UTI) by 37.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 71,407 shares of the company’s stock after purchasing an additional 19,453 shares during the period. Rhumbline Advisers’ holdings in Universal Technical Institute were worth $1,836,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in UTI. Covestor Ltd boosted its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after purchasing an additional 2,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after buying an additional 2,596 shares during the last quarter. Quarry LP raised its position in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after acquiring an additional 3,815 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UTI has been the subject of several recent research reports. B. Riley raised their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Rosenblatt Securities raised their price objective 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. Truist Financial upped their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barrington Research lifted their target price on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Lake Street Capital boosted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $31.17.

Insider Buying and Selling at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Performance

Shares of UTI opened at $27.09 on Tuesday. The firm has a 50-day moving average price of $26.95 and a 200 day moving average price of $21.91. The firm has a market capitalization of $1.47 billion, a PE ratio of 27.93, a P/E/G ratio of 1.92 and a beta of 1.45. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping 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, sell-side analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share 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.