Oak Family Advisors LLC lessened its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 70.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,939 shares of the company's stock after selling 26,248 shares during the period. Oak Family Advisors LLC's holdings in Universal Technical Institute were worth $281,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Covestor Ltd increased its holdings in 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 buying an additional 1,564 shares during the period. Quarry LP grew 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 valued at $63,000 after buying an additional 3,056 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock valued at $66,000 after acquiring an additional 3,815 shares in the last quarter. Morse Asset Management Inc bought a new position in Universal Technical Institute in the 3rd quarter valued at about $152,000. Finally, ProShare Advisors LLC bought a new position in shares of Universal Technical Institute during the second quarter valued at about $167,000. Institutional investors and hedge funds own 75.67% of the company's stock.
Universal Technical Institute Price Performance
Shares of UTI stock opened at $27.38 on Monday. 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 firm's 50-day moving average is $25.92 and its two-hundred day moving average is $20.41. Universal Technical Institute, Inc. has a 12 month low of $13.23 and a 12 month high of $28.00. The company has a market capitalization of $1.49 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45.
Insiders Place Their Bets
In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 15.10% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on UTI. Barrington Research increased 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 report on Friday, January 17th. B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Truist Financial upped their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Northland Securities boosted their price objective on Universal Technical Institute from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Rosenblatt Securities raised their price target on Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $27.17.
Check Out Our Latest Stock Report on Universal Technical Institute
About Universal Technical Institute
(
Free Report)
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.
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