Empowered Funds LLC Sells 132,551 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Empowered Funds LLC trimmed its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,664 shares of the company's stock after selling 132,551 shares during the period. Empowered Funds LLC owned about 0.15% of Universal Technical Institute worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in shares of Universal Technical Institute by 3.6% during the third 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 period. Geode Capital Management LLC boosted its position in shares of Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock worth $15,496,000 after buying an additional 85,417 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock worth $9,691,000 after buying an additional 295,408 shares during the period. Guardian Wealth Management Inc. boosted its position in shares of Universal Technical Institute by 5,347.0% during the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock worth $1,407,000 after buying an additional 84,964 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Universal Technical Institute during the third quarter worth about $395,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UTI has been the topic of several analyst reports. Barrington Research upped their target price on Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Truist Financial upped their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. B. Riley upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Rosenblatt Securities upped their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Lake Street Capital upped their target price on Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $31.17.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the 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 sale, the director now owns 128,205 shares of the company's stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded down $0.23 during trading hours on Tuesday, reaching $28.17. 159,175 shares of the stock were exchanged, compared to its average volume of 612,935. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.99 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.14. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $30.56. The stock's fifty day simple moving average is $26.53 and its 200 day simple moving average is $21.15.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Sell-side analysts predict that Universal Technical Institute, Inc. will post 0.99 EPS for the current year.

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.