Sanctuary Advisors LLC purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 48,825 shares of the company's stock, valued at approximately $794,000. Sanctuary Advisors LLC owned approximately 0.09% of Universal Technical Institute as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 85,417 shares during the last quarter. Guardian Wealth Management Inc. grew its stake in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock worth $1,407,000 after purchasing an additional 84,964 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Universal Technical Institute in the third quarter valued at about $174,000. Pier Capital LLC raised its stake in Universal Technical Institute by 57.3% during the third quarter. Pier Capital LLC now owns 553,382 shares of the company's stock valued at $8,998,000 after buying an additional 201,573 shares in the last quarter. Finally, State Street Corp lifted its holdings in Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after buying an additional 29,461 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Kenneth R. Trammell sold 30,000 shares of the 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 in the company, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barrington Research lifted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Lake Street Capital increased their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Truist Financial lifted their target price 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. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of "Buy" and a consensus target price of $26.33.
Read Our Latest Research Report on UTI
Universal Technical Institute Price Performance
Shares of UTI traded up $0.85 during midday trading on Tuesday, reaching $26.29. The stock had a trading volume of 212,854 shares, compared to its average volume of 530,761. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $1.42 billion, a P/E ratio of 35.53, a P/E/G ratio of 1.78 and a beta of 1.48. The firm's 50 day moving average price is $21.63 and its 200-day moving average price is $18.31. Universal Technical Institute, Inc. has a 52 week low of $12.12 and a 52 week high of $26.71.
About Universal Technical Institute
(
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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