Precision Wealth Strategies LLC Invests $632,000 in Universal Technical Institute, Inc. (NYSE:UTI)

Precision Wealth Strategies LLC purchased a new stake in Universal Technical Institute, Inc. (NYSE:UTI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,578 shares of the company’s stock, valued at approximately $632,000. Universal Technical Institute makes up approximately 0.5% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after buying an additional 29,461 shares in the last quarter. Geode Capital Management LLC lifted its position in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Universal Technical Institute by 362.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after acquiring an additional 295,408 shares in the last quarter. Guardian Wealth Management Inc. grew its holdings 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Universal Technical Institute by 198.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after purchasing an additional 229,738 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the 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 completion of the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on UTI shares. Rosenblatt Securities raised their price target on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial raised their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. B. Riley upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Lake Street Capital raised their price objective 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, Northland Securities upped their target price 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, the company presently has an average rating of “Buy” and an average price target of $27.17.

Universal Technical Institute Stock Down 1.3 %

UTI stock opened at $27.38 on Friday. The stock has a market capitalization of $1.49 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45. The company has a fifty day moving average of $25.92 and a 200-day moving average of $20.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. Universal Technical Institute, Inc. has a one year low of $13.23 and a one year high of $28.00.

Universal Technical Institute 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.