Guardian Wealth Management Inc. Boosts Position in Universal Technical Institute, Inc. (NYSE:UTI)

Guardian Wealth Management Inc. lifted its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 5,347.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,553 shares of the company's stock after acquiring an additional 84,964 shares during the period. Guardian Wealth Management Inc. owned 0.16% of Universal Technical Institute worth $1,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UTI. Covestor Ltd raised its stake in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after acquiring an additional 1,564 shares during the period. RiverPark Advisors LLC bought a new stake in shares of Universal Technical Institute during the second quarter valued at approximately $43,000. Quarry LP boosted its holdings in shares of Universal Technical Institute by 380.6% in the third 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 period. International Assets Investment Management LLC grew its stake in Universal Technical Institute by 1,526.0% in the third 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 period. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Stock Up 0.1 %

Shares of NYSE UTI traded up $0.03 during mid-day trading on Monday, hitting $25.65. The company had a trading volume of 383,599 shares, compared to its average volume of 536,103. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $1.39 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 1.77 and a beta of 1.48. The business's 50-day simple moving average is $19.21 and its 200 day simple moving average is $17.43. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.64.

Analysts Set New Price Targets

Several research firms have recently commented on UTI. Barrington Research boosted their price target 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. Rosenblatt Securities lifted their price objective 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. Northland Securities upped their target price 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. Truist Financial lifted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Lake Street Capital upped their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $25.33.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company'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 sale, the director now directly owns 128,205 shares of the company's stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.60% of the company's stock.

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.