HighTower Advisors LLC Acquires New Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

HighTower Advisors LLC purchased a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,876 shares of the company's stock, valued at approximately $845,000. HighTower Advisors LLC owned about 0.06% of Universal Technical Institute as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company's stock worth $14,296,000 after acquiring an additional 878,038 shares during the period. Lord Abbett & CO. LLC bought a new position in Universal Technical Institute during the third quarter worth $10,217,000. Victory Capital Management Inc. boosted its position in Universal Technical Institute by 1,377.1% during the fourth quarter. Victory Capital Management Inc. now owns 518,256 shares of the company's stock worth $13,324,000 after purchasing an additional 483,170 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock valued at $9,691,000 after purchasing an additional 295,408 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock valued at $5,622,000 after purchasing an additional 229,738 shares during the period. Institutional investors own 75.67% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on UTI shares. Lake Street Capital upped their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barrington Research boosted their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. B. Riley started coverage on Universal Technical Institute in a research note on Friday. They set a "buy" rating and a $31.00 target price on the stock. Rosenblatt Securities boosted 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. Finally, Northland Securities increased their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Universal Technical Institute has an average rating of "Buy" and a consensus price target of $32.17.

Universal Technical Institute Price Performance

NYSE:UTI traded up $0.29 during trading hours on Monday, reaching $25.65. 1,166,763 shares of the company were exchanged, compared to its average volume of 540,898. The business has a 50 day moving average of $27.28 and a 200 day moving average of $23.28. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. 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 market capitalization of $1.39 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.92 and a beta of 1.49.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. Research analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 39,446 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the completion of the sale, the executive vice president now directly owns 177,912 shares in the company, valued at $4,954,849.20. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares in the company, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,219 shares of company stock valued at $2,569,895 in the last ninety days. 15.10% of the stock is currently owned by company insiders.

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.