Harbor Capital Advisors Inc. increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 362.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 376,929 shares of the company's stock after buying an additional 295,408 shares during the period. Harbor Capital Advisors Inc. owned 0.70% of Universal Technical Institute worth $9,691,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UTI. Principal Financial Group Inc. acquired a new stake in shares of Universal Technical Institute in the third quarter valued at about $395,000. Lord Abbett & CO. LLC acquired a new stake in Universal Technical Institute in the 3rd quarter worth about $10,217,000. Sanctuary Advisors LLC purchased a new stake in Universal Technical Institute during the 3rd quarter worth approximately $794,000. Geode Capital Management LLC boosted its stake in shares of Universal Technical Institute by 9.8% in 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 during the last quarter. Finally, Guardian Wealth Management Inc. increased its position in shares of 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 purchasing an additional 84,964 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.
Wall Street Analyst Weigh In
UTI has been the topic of several recent research reports. Lake Street Capital lifted their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Barrington Research lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities upped their target price on Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Northland Securities upped their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $26.33.
Read Our Latest Stock Report on UTI
Universal Technical Institute Stock Down 1.7 %
Shares of NYSE:UTI traded down $0.44 during trading on Friday, hitting $24.82. 408,310 shares of the company were exchanged, compared to its average volume of 379,135. 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 price is $23.87 and its 200-day moving average price is $19.23. The stock has a market capitalization of $1.34 billion, a P/E ratio of 33.54, a PEG ratio of 1.78 and a beta of 1.45. Universal Technical Institute, Inc. has a 12-month low of $12.23 and a 12-month high of $26.71.
Insider Transactions at Universal Technical Institute
In other Universal Technical Institute 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 transaction of $777,600.00. Following the transaction, the director now owns 128,205 shares in the company, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 27.60% of the company's stock.
Universal Technical Institute Profile
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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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