Wedge Capital Management L L P NC Invests $1.04 Million in Universal Technical Institute, Inc. (NYSE:UTI)

Wedge Capital Management L L P NC bought a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,503 shares of the company's stock, valued at approximately $1,041,000. Wedge Capital Management L L P NC owned approximately 0.07% of Universal Technical Institute as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UTI. Covestor Ltd boosted its position in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $26,000 after purchasing an additional 1,564 shares during the period. Quarry LP boosted its holdings in shares of 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 period. International Assets Investment Management LLC grew its stake in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock valued at $66,000 after buying an additional 3,815 shares during the last quarter. Morse Asset Management Inc bought a new position in Universal Technical Institute in the 3rd quarter worth $152,000. Finally, ProShare Advisors LLC bought a new position in Universal Technical Institute in the 2nd quarter worth $167,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded down $0.25 during trading hours on Tuesday, reaching $26.33. The stock had a trading volume of 465,573 shares, compared to its average volume of 452,148. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.84 and a beta of 1.45. Universal Technical Institute, Inc. has a twelve month low of $13.23 and a twelve month high of $27.29. The business's fifty day moving average is $24.89 and its two-hundred day moving average is $19.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08.

Analyst Upgrades and Downgrades

UTI has been the topic of several research analyst reports. Lake Street Capital raised their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Barrington Research raised their target price on Universal Technical Institute from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Friday. Rosenblatt Securities upped their price target on Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. B. Riley raised their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Northland Securities upped their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute currently has an average rating of "Buy" and a consensus price target of $27.17.

About Universal Technical Institute

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.