Empowered Funds LLC Has $2.10 Million Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Empowered Funds LLC lessened its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 61.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 81,664 shares of the company’s stock after selling 132,551 shares during the period. Empowered Funds LLC owned approximately 0.15% of Universal Technical Institute worth $2,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC bought a new position in Universal Technical Institute during the fourth quarter valued at about $632,000. Wedge Capital Management L L P NC bought a new position in Universal Technical Institute during the fourth quarter valued at about $1,041,000. Hennessy Advisors Inc. increased its stake in Universal Technical Institute by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock valued at $17,763,000 after acquiring an additional 44,100 shares during the period. Harbor Capital Advisors Inc. increased its stake in Universal Technical Institute by 362.4% during 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 during the period. Finally, Principal Financial Group Inc. bought a new position in Universal Technical Institute during the third quarter valued at about $395,000. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Up 4.3 %

NYSE UTI opened at $28.37 on Friday. The firm has a market cap of $1.54 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45. Universal Technical Institute, Inc. has a one year low of $13.23 and a one year high of $30.56. The stock’s 50 day simple moving average is $26.47 and its 200 day simple moving average is $21.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.08.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, sell-side analysts forecast that Universal Technical Institute, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Lake Street Capital boosted their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. B. Riley upped their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research upped their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Rosenblatt Securities upped their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Northland Securities upped their price objective 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. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $31.17.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.10% of the company’s stock.

About Universal Technical Institute

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.