Navellier & Associates Inc. Raises Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Navellier & Associates Inc. grew its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,281 shares of the company's stock after purchasing an additional 18,172 shares during the period. Navellier & Associates Inc. owned about 0.26% of Universal Technical Institute worth $3,684,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Covestor Ltd increased its stake in Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $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 third quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after acquiring an additional 3,056 shares in the last quarter. International Assets Investment Management LLC increased its position 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 worth $66,000 after acquiring an additional 3,815 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at $79,000. Finally, Morse Asset Management Inc purchased a new position in Universal Technical Institute in the third quarter valued at $152,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Up 5.7 %

UTI traded up $1.55 on Wednesday, reaching $28.70. The company's stock had a trading volume of 994,788 shares, compared to its average volume of 636,075. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.92 and a beta of 1.45. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week 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. The stock has a 50 day moving average of $26.73 and a two-hundred day moving average of $21.60.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. B. Riley upped their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Northland Securities raised their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Lake Street Capital lifted their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Truist Financial increased 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. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $31.17.

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.