Independent Advisor Alliance Acquires 507 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Independent Advisor Alliance grew its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,157 shares of the company’s stock after purchasing an additional 507 shares during the quarter. Independent Advisor Alliance’s holdings in Universal Technical Institute were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UTI. State Street Corp increased its position 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 buying an additional 29,461 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Universal Technical Institute by 362.4% during the 4th 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 during the last quarter. Rhumbline Advisers raised its stake in shares of Universal Technical Institute by 37.4% in the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock valued at $1,836,000 after acquiring an additional 19,453 shares in the last quarter. Finally, Guardian Wealth Management Inc. boosted its position in 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 period. Institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling

In other Universal Technical Institute news, Director George W. Brochick sold 8,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $26.18 on Wednesday. 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 firm has a 50-day moving average price of $27.09 and a 200 day moving average price of $22.63. The firm has a market capitalization of $1.42 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 12-month low of $13.66 and a 12-month high of $30.56.

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

Wall Street Analyst Weigh In

UTI has been the topic of a number of recent analyst reports. Barrington Research lifted their price target on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities boosted their target price on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Northland Securities increased their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $31.17.

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.