Inspire Investing LLC Reduces Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Inspire Investing LLC cut its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 39.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,485 shares of the company's stock after selling 10,071 shares during the period. Inspire Investing LLC's holdings in Universal Technical Institute were worth $398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UTI. Covestor Ltd lifted its stake in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after purchasing an additional 1,564 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock valued at $389,000 after buying an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company's stock worth $197,000 after buying an additional 2,596 shares during the period. Quarry LP increased 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 worth $63,000 after acquiring an additional 3,056 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Universal Technical Institute by 30.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,038 shares of the company's stock valued at $237,000 after acquiring an additional 3,482 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UTI shares. Rosenblatt Securities boosted their price target on 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 lifted their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Truist Financial raised their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Barrington Research upped their target price on shares of Universal Technical Institute from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Finally, Lake Street Capital raised 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 report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute currently has a consensus rating of "Buy" and a consensus target price of $27.17.

Insider Transactions 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 value of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded down $0.36 during trading on Friday, hitting $27.38. The company had a trading volume of 627,580 shares, compared to its average volume of 429,245. The stock has a 50 day simple moving average of $25.92 and a 200 day simple moving average of $20.40. The firm has a market capitalization of $1.49 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45. 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, Inc. has a 12 month low of $13.23 and a 12 month high of $28.00.

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.