New York State Common Retirement Fund Has $2.27 Million Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

New York State Common Retirement Fund increased its stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,222 shares of the company's stock after buying an additional 14,517 shares during the period. New York State Common Retirement Fund owned about 0.16% of Universal Technical Institute worth $2,268,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $26,000 after purchasing an additional 1,564 shares during the period. Quarry LP raised its stake in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after acquiring an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 3,815 shares during the last quarter. Morse Asset Management Inc acquired a new position in Universal Technical Institute in the third quarter valued at approximately $152,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Universal Technical Institute during the third quarter valued at approximately $174,000. 75.67% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several analysts recently issued reports on UTI shares. Northland Securities raised their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Lake Street Capital boosted 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. Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Truist Financial lifted 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 report on Thursday, November 21st. Finally, Barrington Research upped their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $31.17.

Universal Technical Institute Price Performance

Universal Technical Institute stock traded up $0.54 during trading hours on Wednesday, hitting $27.61. 821,106 shares of the company traded hands, compared to its average volume of 661,098. The firm's 50-day simple moving average is $26.97 and its two-hundred day simple moving average is $21.98. The firm has a market cap of $1.50 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.92 and a beta of 1.45. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.

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 return on equity of 21.25% and a net margin of 7.08%. As a group, analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company's stock, valued at $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.10% 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.