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

Navellier & Associates Inc. increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,281 shares of the company’s stock after purchasing an additional 18,172 shares during the period. Navellier & Associates Inc. owned 0.26% of Universal Technical Institute worth $3,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted 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 buying an additional 3,815 shares during the period. Pullen Investment Management LLC boosted its stake in Universal Technical Institute by 15.5% during the third quarter. Pullen Investment Management LLC now owns 65,160 shares of the company’s stock worth $1,060,000 after buying an additional 8,740 shares during the period. Conestoga Capital Advisors LLC boosted its stake in Universal Technical Institute by 9.4% during the third quarter. Conestoga Capital Advisors LLC now owns 85,110 shares of the company’s stock worth $1,384,000 after buying an additional 7,320 shares during the period. Pembroke Management LTD boosted its stake in Universal Technical Institute by 11.1% during the third quarter. Pembroke Management LTD now owns 410,163 shares of the company’s stock worth $6,669,000 after buying an additional 40,855 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Universal Technical Institute by 90.0% during the third quarter. Harbor Capital Advisors Inc. now owns 81,521 shares of the company’s stock worth $1,326,000 after buying an additional 38,624 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction that occurred 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 completion of the transaction, the director now owns 128,205 shares in the company, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.10% of the stock is owned by insiders.

Universal Technical Institute Trading Down 8.1 %

NYSE UTI opened at $26.50 on Friday. The firm has a 50 day simple moving average of $26.70 and a 200-day simple moving average of $21.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.92 and a beta of 1.45.

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 net margin of 7.08% and a return on equity of 21.25%. Equities research analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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