Harbor Capital Advisors Inc. boosted its stake in Universal Technical Institute, Inc. (NYSE:UTI – Free Report) by 90.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,521 shares of the company’s stock after acquiring an additional 38,624 shares during the period. Harbor Capital Advisors Inc. owned 0.15% of Universal Technical Institute worth $1,326,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after purchasing an additional 842,765 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Universal Technical Institute by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock worth $31,533,000 after purchasing an additional 36,135 shares during the period. American Century Companies Inc. raised its holdings in shares of Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after purchasing an additional 39,553 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Universal Technical Institute in the 2nd quarter valued at about $9,032,000. Finally, First Eagle Investment Management LLC raised its stake in Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after acquiring an additional 140,600 shares during the period. 75.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on UTI shares. Barrington Research restated an “outperform” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Northland Securities increased their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial initiated coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They set a “buy” rating and a $22.00 target price on the stock. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $21.60.
Insider Buying and Selling
In related news, CEO Jerome Alan Grant sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 27.60% of the stock is currently owned by corporate insiders.
Universal Technical Institute Stock Up 3.3 %
UTI stock opened at $17.12 on Wednesday. Universal Technical Institute, Inc. has a 12-month low of $9.01 and a 12-month high of $19.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a market cap of $921.23 million, a price-to-earnings ratio of 34.24, a PEG ratio of 1.21 and a beta of 1.34. The company has a 50 day moving average of $16.38 and a two-hundred day moving average of $16.19.
Universal Technical Institute (NYSE:UTI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same quarter in the previous year, the business posted ($0.05) EPS. On average, equities analysts anticipate that Universal Technical Institute, Inc. will post 0.71 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.
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