Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,076 shares of the company's stock after selling 54,300 shares during the period. First Eagle Investment Management LLC owned 0.86% of Universal Technical Institute worth $12,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in 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 last quarter. FMR LLC boosted its stake in Universal Technical Institute by 73,048.1% during the third quarter. FMR LLC now owns 879,240 shares of the company's stock worth $14,296,000 after buying an additional 878,038 shares during the last quarter. State Street Corp boosted its stake in 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 last quarter. Hennessy Advisors Inc. boosted its stake in Universal Technical Institute by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company's stock worth $17,763,000 after buying an additional 44,100 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Universal Technical Institute during the third quarter worth $10,217,000. Institutional investors and hedge funds own 75.67% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on UTI shares. Lake Street Capital boosted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Barrington Research boosted their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Northland Securities lifted their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Rosenblatt Securities lifted their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. 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 report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute currently has a consensus rating of "Buy" and an average price target of $31.17.

Insider Buying and Selling

In related news, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the transaction, the director now directly owns 34,917 shares of the company's stock, valued at $963,360.03. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.10% of the stock is currently owned by insiders.

Universal Technical Institute Trading Up 6.5 %

NYSE:UTI traded up $1.71 on Wednesday, reaching $28.03. The company's stock had a trading volume of 645,336 shares, compared to its average volume of 501,843. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $30.56. The stock has a 50 day moving average price of $27.09 and a 200 day moving average price of $22.63.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

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.