Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. grew its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 14.5% during the fourth quarter, Holdings Channel reports. The firm owned 143,281 shares of the company’s stock after purchasing an additional 18,172 shares during the period. Navellier & Associates Inc.’s holdings in Universal Technical Institute were worth $3,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UTI. Covestor Ltd raised its holdings in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares in the last quarter. Quarry LP raised its holdings in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Universal Technical Institute during the fourth quarter worth approximately $79,000. Finally, Morse Asset Management Inc acquired a new stake in Universal Technical Institute during the third quarter worth approximately $152,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, the director now directly owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.10% of the stock is currently owned by insiders.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $26.50 on Friday. The firm’s fifty day moving average price is $26.70 and its 200 day moving average price is $21.40. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.45.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UTI shares. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. B. Riley lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial lifted their target price 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. Lake Street Capital lifted their target price on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Barrington Research lifted their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $31.17.

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.