Pembroke Management LTD Acquires 92,844 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Pembroke Management LTD lifted its position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 503,007 shares of the company's stock after buying an additional 92,844 shares during the quarter. Universal Technical Institute comprises about 1.6% of Pembroke Management LTD's holdings, making the stock its 29th largest position. Pembroke Management LTD owned 0.93% of Universal Technical Institute worth $12,932,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. State Street Corp boosted its stake in Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after acquiring an additional 29,461 shares in the last quarter. Geode Capital Management LLC boosted its stake in Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock worth $15,496,000 after acquiring an additional 85,417 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Universal Technical Institute by 362.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock worth $9,691,000 after acquiring an additional 295,408 shares in the last quarter. Guardian Wealth Management Inc. boosted its stake in Universal Technical Institute by 5,347.0% during the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock worth $1,407,000 after acquiring an additional 84,964 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Universal Technical Institute during the third quarter worth $395,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on UTI. B. Riley increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Northland Securities increased their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Barrington Research raised their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Lake Street Capital raised their price objective 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $31.17.

Universal Technical Institute Stock Down 8.1 %

Shares of Universal Technical Institute stock traded down $2.34 during trading hours on Friday, reaching $26.50. The company's stock had a trading volume of 812,582 shares, compared to its average volume of 628,140. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The company has a market capitalization of $1.44 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.94 and a beta of 1.45. The stock's fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $21.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results 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%. On average, research analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now directly owns 128,205 shares of the company's stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.10% of the stock is owned by 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.