Pembroke Management LTD Grows Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Pembroke Management LTD lifted its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 22.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 503,007 shares of the company’s stock after acquiring an additional 92,844 shares during the period. Universal Technical Institute makes up approximately 1.6% of Pembroke Management LTD’s investment portfolio, making the stock its 29th largest holding. Pembroke Management LTD owned 0.93% of Universal Technical Institute worth $12,932,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Covestor Ltd increased its stake in 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 increased its position in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the period. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 3,815 shares during the period. Morse Asset Management Inc purchased a new position in Universal Technical Institute in the 3rd quarter worth $152,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Universal Technical Institute during the 3rd quarter worth about $174,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UTI. Barrington Research raised their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Truist Financial raised their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Northland Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Lake Street Capital raised their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, B. Riley boosted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Buy” and an average price target of $31.17.

Universal Technical Institute Trading Up 4.3 %

Shares of Universal Technical Institute stock opened at $28.37 on Tuesday. Universal Technical Institute, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $30.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.14. The company has a market cap of $1.54 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45. The firm has a 50-day simple moving average of $26.53 and a two-hundred day simple moving average of $21.15.

Universal Technical Institute (NYSE:UTI) last issued its quarterly 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 return on equity of 21.25% and a net margin of 7.08%. As a group, equities analysts predict that Universal Technical Institute, Inc. will post 0.99 earnings per share for the current fiscal year.

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.