24,578 Shares in Universal Technical Institute, Inc. (NYSE:UTI) Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,578 shares of the company's stock, valued at approximately $632,000. Universal Technical Institute comprises 0.5% of Precision Wealth Strategies LLC's portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in the business. Sei Investments Co. bought a new stake in shares of Universal Technical Institute in the 2nd quarter valued at about $777,000. ProShare Advisors LLC bought a new stake in Universal Technical Institute in the second quarter valued at approximately $167,000. The Manufacturers Life Insurance Company boosted its stake in shares of Universal Technical Institute by 30.1% during the second quarter. The Manufacturers Life Insurance Company now owns 15,038 shares of the company's stock valued at $237,000 after purchasing an additional 3,482 shares during the period. SG Americas Securities LLC bought a new position in shares of Universal Technical Institute in the third quarter worth approximately $243,000. Finally, Inspire Investing LLC increased its stake in shares of Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company's stock worth $416,000 after buying an additional 3,032 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business'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 sale, the director now directly owns 128,205 shares of the company's stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Down 1.3 %

UTI traded down $0.36 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 fifty day simple moving average of $25.92 and a 200-day simple moving average of $20.40. 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 has a market capitalization of $1.49 billion, a P/E ratio of 37.00, a P/E/G ratio of 1.82 and a beta of 1.45. Universal Technical Institute, Inc. has a 52-week low of $13.23 and a 52-week high of $28.00.

Analysts Set New Price Targets

UTI has been the subject of several analyst reports. Northland Securities increased their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Truist Financial increased their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Rosenblatt Securities boosted 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. Lake Street Capital increased their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $27.17.

Universal Technical Institute Company 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.