Universal Technical Institute, Inc. (NYSE:UTI) Stock Position Cut by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,436 shares of the company’s stock after selling 17,684 shares during the period. Great Lakes Advisors LLC owned approximately 0.33% of Universal Technical Institute worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UTI. Covestor Ltd boosted its position in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares in the last quarter. Quarry LP boosted its position in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Universal Technical Institute during the 4th quarter valued at about $79,000. Morse Asset Management Inc bought a new position in shares of Universal Technical Institute during the 3rd quarter valued at about $152,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Universal Technical Institute during the 3rd quarter valued at about $174,000. Institutional investors own 75.67% of the company’s stock.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now directly owns 34,917 shares of the company’s stock, valued at $963,360.03. This represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 15.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UTI. Truist Financial raised 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. Lake Street Capital upped their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Rosenblatt Securities raised their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barrington Research boosted their price target on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Northland Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $31.17.

Universal Technical Institute Price Performance

NYSE UTI opened at $26.84 on Friday. 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 market capitalization of $1.46 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The company has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $22.43. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

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.