Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 65.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,080 shares of the company's stock after acquiring an additional 39,646 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.19% of Universal Technical Institute worth $1,627,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Covestor Ltd grew its holdings in Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. RiverPark Advisors LLC purchased a new stake in Universal Technical Institute during the 2nd quarter worth about $43,000. International Assets Investment Management LLC raised 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 purchasing an additional 3,815 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company's stock worth $150,000 after purchasing an additional 9,512 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Universal Technical Institute during the second quarter worth about $167,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Up 0.0 %

UTI stock traded up $0.01 during midday trading on Tuesday, reaching $25.95. 571,643 shares of the company's stock traded hands, compared to its average volume of 529,712. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02. Universal Technical Institute, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $26.13. The business has a 50-day moving average price of $17.56 and a two-hundred day moving average price of $16.75. The company has a market capitalization of $1.40 billion, a P/E ratio of 35.07, a PEG ratio of 1.75 and a beta of 1.34.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UTI shares. Lake Street Capital raised their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Northland Securities upped their target price 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. 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 note on Thursday, November 7th. Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, StockNews.com raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute presently has a consensus rating of "Buy" and a consensus target price of $25.33.

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.