Connor Clark & Lunn Investment Management Ltd. Acquires 39,646 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 65.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,080 shares of the company’s stock after buying an additional 39,646 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Universal Technical Institute worth $1,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UTI. Harbor Capital Advisors Inc. acquired a new stake in Universal Technical Institute during the 2nd quarter valued at $675,000. First Eagle Investment Management LLC boosted its holdings in shares of Universal Technical Institute by 37.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after buying an additional 140,600 shares during the period. Great Lakes Advisors LLC acquired a new position in Universal Technical Institute in the 2nd quarter valued at about $3,103,000. International Assets Investment Management LLC grew its stake in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the last quarter. Finally, Pier Capital LLC lifted its position in Universal Technical Institute by 15.7% during the second quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock worth $5,534,000 after acquiring an additional 47,819 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $25.93 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.40 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. The company has a 50 day moving average of $17.56 and a 200-day moving average of $16.75. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.13.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barrington Research upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Lake Street Capital increased their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Northland Securities raised their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Truist Financial boosted their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute has a consensus rating of “Buy” and an average target price of $24.00.

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.