Great Lakes Advisors LLC Has $4.56 Million Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Great Lakes Advisors LLC trimmed its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,436 shares of the company's stock after selling 17,684 shares during the quarter. Great Lakes Advisors LLC owned about 0.33% of Universal Technical Institute worth $4,562,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC bought a new stake in Universal Technical Institute during the 4th quarter worth about $845,000. Independent Advisor Alliance raised its holdings in Universal Technical Institute by 4.4% during the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock worth $313,000 after purchasing an additional 507 shares during the last quarter. AlphaQuest LLC raised its holdings in Universal Technical Institute by 822,000.0% during the 4th quarter. AlphaQuest LLC now owns 8,221 shares of the company's stock worth $211,000 after purchasing an additional 8,220 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Universal Technical Institute during the 4th quarter worth about $993,000. Finally, Verdence Capital Advisors LLC bought a new stake in Universal Technical Institute during the 4th quarter worth about $212,000. 75.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UTI shares. 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 report on Thursday, February 6th. Lake Street Capital upped their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barrington Research boosted their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Truist Financial boosted 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. Finally, Northland Securities boosted their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $31.17.

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Universal Technical Institute Stock Up 6.5 %

NYSE:UTI traded up $1.71 during trading hours on Wednesday, reaching $28.03. 645,334 shares of the stock were exchanged, compared to its average volume of 685,583. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day moving average of $27.09 and a 200 day moving average of $22.63. The stock has a market cap of $1.52 billion, a PE ratio of 28.89, a PEG ratio of 1.92 and a beta of 1.49.

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, topping analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, equities analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Insider Activity

In other news, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares of the company's stock, valued at approximately $963,360.03. This represents a 18.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.10% of the stock is currently 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.