Principal Financial Group Inc. purchased a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,288 shares of the company's stock, valued at approximately $395,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pullen Investment Management LLC boosted its stake in shares of Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company's stock valued at $887,000 after purchasing an additional 1,600 shares during the period. ClariVest Asset Management LLC boosted its position in Universal Technical Institute by 2.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company's stock valued at $1,215,000 after buying an additional 2,060 shares during the period. RiverPark Advisors LLC acquired a new position in shares of Universal Technical Institute in the second quarter worth $43,000. Kennedy Capital Management LLC increased its position in shares of Universal Technical Institute by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company's stock worth $1,254,000 after acquiring an additional 2,798 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company's stock valued at $416,000 after acquiring an additional 3,032 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Universal Technical Institute Stock Up 2.2 %
Universal Technical Institute stock traded up $0.55 during mid-day trading on Monday, hitting $25.93. The company had a trading volume of 938,128 shares, compared to its average volume of 529,527. The company has a quick ratio of 1.02, 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 $10.46 and a 1 year high of $26.13. The business has a fifty day moving average of $17.56 and a 200 day moving average of $16.75. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.75 and a beta of 1.34.
Analyst Ratings Changes
Several research analysts recently commented on UTI shares. B. Riley boosted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. StockNews.com raised Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday, September 11th. Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $24.00.
Check Out Our Latest Stock Analysis on Universal Technical Institute
Universal Technical Institute Company Profile
(
Free Report)
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.
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