Dynamic Technology Lab Private Ltd Acquires New Position in Universal Technical Institute, Inc. (NYSE:UTI)

Dynamic Technology Lab Private Ltd purchased a new stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,403 shares of the company's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in shares of 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 purchasing an additional 1,564 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in Universal Technical Institute during the second quarter valued at $43,000. International Assets Investment Management LLC increased its holdings in Universal Technical Institute by 1,526.0% in the third 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company's stock worth $150,000 after acquiring an additional 9,512 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in shares of Universal Technical Institute during the 2nd quarter worth about $167,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 27.60% of the company's stock.

Universal Technical Institute Price Performance

UTI stock traded down $0.17 during midday trading on Friday, reaching $25.87. The stock had a trading volume of 251,630 shares, compared to its average volume of 493,494. Universal Technical Institute, Inc. has a 52-week low of $10.46 and a 52-week high of $26.43. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company's fifty day simple moving average is $18.30 and its 200 day simple moving average is $17.05. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34.

Analyst Upgrades and Downgrades

UTI has been the subject of several recent analyst reports. StockNews.com upgraded Universal Technical Institute from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Northland Securities increased their target price on Universal Technical Institute from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. B. Riley boosted 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. 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 report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute currently has a consensus rating of "Buy" and an average price target 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.