Connor Clark & Lunn Investment Management Ltd. Buys 39,646 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 65.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,080 shares of the company’s stock after purchasing an additional 39,646 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Universal Technical Institute were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UTI. RiverPark Advisors LLC increased its holdings in shares of Universal Technical Institute by 309.5% during the third quarter. RiverPark Advisors LLC now owns 11,070 shares of the company’s stock worth $180,000 after buying an additional 8,367 shares in the last quarter. Empowered Funds LLC grew its position in Universal Technical Institute by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 214,215 shares of the company’s stock worth $3,483,000 after acquiring an additional 10,854 shares during the last quarter. Versor Investments LP acquired a new position in Universal Technical Institute in the 3rd quarter worth about $242,000. Covestor Ltd raised its position in Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Universal Technical Institute during the third quarter valued at about $395,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UTI has been the subject of a number of research reports. 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 report on Thursday, November 21st. Lake Street Capital lifted their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Northland Securities increased their price objective on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and a consensus price target of $24.00.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $25.93 on Tuesday. The business has a 50-day moving average price of $17.56 and a two-hundred day moving average price of $16.75. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.13. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.40 billion, a P/E ratio of 35.04, a PEG ratio of 1.75 and a beta of 1.34.

Universal Technical Institute Company 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.