1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS purchased a new position in shares of Universal Technical Institute, Inc. ( NYSE:UTI – Free Report ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the company’s stock, valued at approximately $206,000.
A number of other institutional investors and hedge funds have also made changes to their positions in UTI. Charles Schwab Investment Management Inc. boosted its holdings in Universal Technical Institute by 198.
0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after purchasing an additional 229,738 shares in the last quarter.
FMR LLC raised its stake in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after buying an additional 878,038 shares in the last quarter.
BNP Paribas Financial Markets lifted its holdings in shares of Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after buying an additional 2,083 shares during the period.
Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after buying an additional 2,596 shares in the last quarter.
Finally, Verition Fund Management LLC acquired a new position in Universal Technical Institute during the third quarter worth $298,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes Several research analysts have issued reports on UTI shares. Northland Securities increased their price objective on Universal Technical Institute from $30.00 to $34.
00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. B. Riley assumed coverage on shares of Universal Technical Institute in a report on Friday, March 28th.
They issued a “buy” rating and a $31.00 price target for the company. Barrington Research boosted their price objective on shares of Universal Technical Institute from $30.
00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Lake Street Capital upped their target price on shares of Universal Technical Institute from $22.
00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $30.
00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $32.17.
Insider Buying and Selling In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $27.
59, for a total transaction of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company’s stock, valued at approximately $963,360.
03. This trade represents a 18.64 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, EVP Sherrell Smith sold 39,446 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.
85, for a total value of $1,098,571.10. Following the completion of the transaction, the executive vice president now directly owns 177,912 shares of the company’s stock, valued at approximately $4,954,849.
20. This trade represents a 18.15 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders sold 94,219 shares of company stock worth $2,569,895 in the last ninety days. Insiders own 15.
10% of the company’s stock. Universal Technical Institute Trading Up 1.5 % NYSE:UTI opened at $25.
63 on Tuesday. Universal Technical Institute, Inc. has a 52-week low of $13.
66 and a 52-week high of $30.56. The company has a quick ratio of 1.
14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42.
The stock has a fifty day simple moving average of $27.24 and a 200-day simple moving average of $23.61.
The company has a market capitalization of $1.39 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.
92 and a beta of 1.48. Universal Technical Institute ( NYSE:UTI – Get Free Report ) last posted its earnings results on Wednesday, February 5th.
The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.
22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.
25%. On average, equities research analysts expect that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.
About Universal Technical Institute ( Free Report ) 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.
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