Harvest Investment Services LLC Makes New $386,000 Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Harvest Investment Services LLC purchased a new position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,027 shares of the company's stock, valued at approximately $386,000.

Several other large investors also recently modified their holdings of the company. Covestor Ltd lifted its holdings in Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after acquiring an additional 388 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Universal Technical Institute during the 4th quarter valued at about $79,000. Morse Asset Management Inc bought a new position in shares of Universal Technical Institute in the 3rd quarter worth approximately $152,000. Meeder Asset Management Inc. boosted its holdings in shares of Universal Technical Institute by 418.6% in the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock worth $202,000 after buying an additional 6,337 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Universal Technical Institute during the 4th quarter worth $203,000. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Up 0.4 %

Shares of NYSE:UTI traded up $0.10 during trading on Friday, hitting $27.94. The company had a trading volume of 489,604 shares, compared to its average volume of 564,057. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day simple moving average of $26.97 and a two-hundred day simple moving average of $24.69. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56.

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 for the quarter, beating analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UTI. Lake Street Capital lifted their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Barrington Research reaffirmed an "outperform" rating and issued a $35.00 target price on shares of Universal Technical Institute in a report on Thursday, April 17th. Rosenblatt Securities increased their price target on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Northland Securities lifted their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, B. Riley initiated coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 target price for the company. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Universal Technical Institute presently has an average rating of "Buy" and an average price target of $32.17.

Insider Buying and Selling at Universal Technical Institute

In other news, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the sale, the director now directly owns 34,917 shares of the company's stock, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sherrell Smith sold 36,773 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now directly owns 227,358 shares in the company, valued at $6,065,911.44. This represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,524 shares of company stock worth $2,578,450 over the last 90 days. Company insiders own 15.10% of the company's stock.

About Universal Technical Institute

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.