Greenwood Capital Associates LLC Lowers Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Greenwood Capital Associates LLC cut its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,187 shares of the company’s stock after selling 15,135 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Universal Technical Institute were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in UTI. Geode Capital Management LLC lifted its holdings in shares of Universal Technical Institute by 9.8% during the 3rd 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 period. FMR LLC increased its position in Universal Technical Institute by 73,048.1% during the third quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after purchasing an additional 878,038 shares during the last quarter. State Street Corp raised its stake in Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after purchasing an additional 29,461 shares during the period. Hennessy Advisors Inc. raised its stake in Universal Technical Institute by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock worth $17,763,000 after purchasing an additional 44,100 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Universal Technical Institute in the 3rd quarter valued at $10,217,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UTI shares. Truist Financial upped their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. 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 research note on Thursday, November 7th. Barrington Research lifted their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Lake Street Capital increased 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 report on Thursday, November 21st. Finally, Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute has a consensus rating of “Buy” and an average price target of $27.17.

Insider Activity 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 on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares in the company, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.10% of the company’s stock.

Universal Technical Institute Trading Down 0.3 %

Shares of NYSE UTI opened at $27.35 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $25.95 and its two-hundred day moving average price is $20.48. Universal Technical Institute, Inc. has a 52-week low of $13.23 and a 52-week high of $28.00. The stock has a market capitalization of $1.49 billion, a P/E ratio of 36.92, a PEG ratio of 1.90 and a beta of 1.45.

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.