Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Fmr LLC

FMR LLC boosted its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 73,048.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 879,240 shares of the company's stock after purchasing an additional 878,038 shares during the period. FMR LLC owned about 1.63% of Universal Technical Institute worth $14,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UTI. Covestor Ltd lifted its holdings in shares of Universal Technical Institute by 6,256.0% in 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 period. RiverPark Advisors LLC purchased a new stake in shares of Universal Technical Institute during the 2nd quarter worth $43,000. International Assets Investment Management LLC grew its stake in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company's stock valued at $150,000 after purchasing an additional 9,512 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Universal Technical Institute in the second quarter valued at about $167,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on UTI. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Lake Street Capital upped their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Truist Financial lifted their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Barrington Research upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Northland Securities raised their price target 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. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $25.33.

Insider Activity at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were 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. This represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 27.60% of the company's stock.

Universal Technical Institute Price Performance

UTI stock traded down $0.02 during trading on Wednesday, hitting $26.10. The stock had a trading volume of 429,839 shares, compared to its average volume of 535,106. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 1.77 and a beta of 1.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company's 50 day moving average price is $19.60 and its two-hundred day moving average price is $17.58. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.65.

Universal Technical Institute Company 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.