Universal Technical Institute, Inc. (NYSE:UTI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 952,799 shares of the company's stock after acquiring an additional 85,417 shares during the period. Geode Capital Management LLC owned 1.77% of Universal Technical Institute worth $15,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd raised its position 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 buying an additional 1,564 shares during the period. Quarry LP lifted its stake in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after purchasing an additional 3,056 shares during the last quarter. International Assets Investment Management LLC grew its holdings 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 position 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, Morse Asset Management Inc purchased a new stake in Universal Technical Institute in the 3rd quarter valued at about $152,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Insiders Place Their Bets

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm's stock in a transaction dated 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 owns 128,205 shares of the company's stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 27.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

UTI has been the subject of a number of recent analyst reports. Truist Financial lifted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Barrington Research lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. B. Riley upped 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. Lake Street Capital lifted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities increased their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute has an average rating of "Buy" and an average price target of $26.33.

Universal Technical Institute Stock Down 0.3 %

Shares of NYSE:UTI traded down $0.09 during trading hours on Monday, reaching $25.87. The stock had a trading volume of 377,875 shares, compared to its average volume of 528,723. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.78 and a beta of 1.48. The firm's 50 day moving average is $22.22 and its 200-day moving average is $18.56. Universal Technical Institute, Inc. has a 1 year low of $12.14 and a 1 year high of $26.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

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.