Empowered Funds LLC Increases Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Empowered Funds LLC raised its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 5.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 214,215 shares of the company’s stock after acquiring an additional 10,854 shares during the quarter. Empowered Funds LLC’s holdings in Universal Technical Institute were worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd raised its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the period. Pullen Investment Management LLC raised its stake in shares of Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after buying an additional 1,600 shares during the period. ClariVest Asset Management LLC lifted its position in shares of Universal Technical Institute by 2.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after buying an additional 2,060 shares in the last quarter. RiverPark Advisors LLC bought a new position in shares of Universal Technical Institute during the 2nd quarter valued at approximately $43,000. Finally, Kennedy Capital Management LLC increased its holdings in Universal Technical Institute by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock worth $1,254,000 after acquiring an additional 2,798 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. B. Riley lifted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Truist Financial initiated coverage on Universal Technical Institute in a report on Thursday, July 25th. They set a “buy” rating and a $22.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, Northland Securities increased their target price on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Buy” and an average target price of $22.20.

Insider Activity at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now directly owns 136,443 shares in the company, valued at approximately $2,391,845.79. This represents a 33.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.60% of the stock is owned by insiders.

Universal Technical Institute Stock Up 0.4 %

Shares of UTI opened at $19.68 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. Universal Technical Institute, Inc. has a 1 year low of $10.46 and a 1 year high of $20.73. The business’s 50 day simple moving average is $16.91 and its 200-day simple moving average is $16.51.

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.