Sanctuary Advisors LLC purchased a new stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 48,825 shares of the company's stock, valued at approximately $794,000. Sanctuary Advisors LLC owned approximately 0.09% of Universal Technical Institute as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of UTI. Covestor Ltd lifted its holdings in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $26,000 after acquiring an additional 1,564 shares during the last quarter. Quarry LP raised its position in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after purchasing an additional 3,056 shares in the last quarter. International Assets Investment Management LLC lifted its stake 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company's stock worth $150,000 after purchasing an additional 9,512 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of Universal Technical Institute during the 3rd quarter valued at about $152,000. Institutional investors own 75.67% of the company's stock.
A number of analysts recently weighed in on UTI shares. Rosenblatt Securities boosted their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Truist Financial boosted their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Lake Street Capital increased their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Barrington Research lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, B. Riley upped their price target 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $26.33.
View Our Latest Report on Universal Technical Institute
NYSE UTI opened at $25.44 on Tuesday. The stock has a market cap of $1.37 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. Universal Technical Institute, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $26.71. The stock has a 50 day simple moving average of $21.43 and a two-hundred day simple moving average of $18.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.
In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 27.60% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding UTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Technical Institute, Inc. (NYSE:UTI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Universal Technical Institute, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Universal Technical Institute wasn't on the list.
While Universal Technical Institute currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.