Greenwood Capital Associates LLC Has $1.27 Million Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Greenwood Capital Associates LLC decreased its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 23.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,187 shares of the company's stock after selling 15,135 shares during the period. Greenwood Capital Associates LLC owned about 0.09% of Universal Technical Institute worth $1,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings 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 valued at $15,496,000 after buying an additional 85,417 shares in the last quarter. FMR LLC grew its stake in Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company's stock valued at $14,296,000 after acquiring an additional 878,038 shares in the last quarter. State Street Corp increased its holdings in shares of Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock valued at $13,920,000 after purchasing an additional 29,461 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Universal Technical Institute by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company's stock worth $17,763,000 after purchasing an additional 44,100 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Universal Technical Institute during the third quarter worth approximately $10,217,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday. Lake Street Capital increased their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday. Truist Financial boosted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Northland Securities lifted their price target on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday. Finally, B. Riley increased their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $31.17.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm'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 completion of the transaction, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

UTI stock traded up $0.12 during midday trading on Friday, hitting $29.65. 803,425 shares of the company traded hands, compared to its average volume of 591,890. The business has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $20.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute, Inc. has a twelve month low of $13.23 and a twelve month high of $30.56. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 0.96 earnings per share for the current 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.