Universal Technical Institute, Inc. (NYSE:UTI) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 198.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,772 shares of the company's stock after acquiring an additional 229,738 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of Universal Technical Institute worth $5,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its stake in Universal Technical Institute by 37.2% during 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 last quarter. Great Lakes Advisors LLC bought a new position in Universal Technical Institute in the 2nd quarter worth about $3,103,000. International Assets Investment Management LLC increased its holdings in Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock worth $66,000 after purchasing an additional 3,815 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Universal Technical Institute in the 3rd quarter worth $395,000. Finally, Pier Capital LLC lifted its stake in Universal Technical Institute by 15.7% in the second quarter. Pier Capital LLC now owns 351,809 shares of the company's stock worth $5,534,000 after acquiring an additional 47,819 shares during the period. Institutional investors own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Lake Street Capital upped their target price 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. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Northland Securities lifted their price objective on Universal Technical Institute from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Barrington Research raised their price objective on shares of 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $25.33.

Insider Activity 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 value of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, 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 SEC, which is accessible through this hyperlink. Company insiders own 27.60% of the company's stock.

Universal Technical Institute Trading Down 1.1 %

NYSE UTI traded down $0.28 during trading hours on Friday, reaching $25.77. The company had a trading volume of 458,064 shares, compared to its average volume of 533,855. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.65. The stock has a market capitalization of $1.39 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.48. The stock has a 50-day moving average of $20.23 and a 200 day moving average of $17.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

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.