Sanctuary Advisors LLC Invests $794,000 in Universal Technical Institute, Inc. (NYSE:UTI)

Sanctuary Advisors LLC purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 48,825 shares of the company’s stock, valued at approximately $794,000.

A number of other large investors also recently bought and sold shares of UTI. Covestor Ltd boosted its holdings in Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after acquiring an additional 1,564 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in Universal Technical Institute by 2.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after purchasing an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Universal Technical Institute by 27.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after purchasing an additional 2,596 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in Universal Technical Institute by 13.5% during the 3rd quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock valued at $416,000 after purchasing an additional 3,032 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the 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 transaction, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UTI. B. Riley upped 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. Rosenblatt Securities upped their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Northland Securities boosted their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Lake Street Capital increased their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Barrington Research boosted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $26.33.

Universal Technical Institute Stock Performance

Shares of UTI opened at $25.44 on Tuesday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 34.38, a PEG ratio of 1.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. Universal Technical Institute, Inc. has a one year low of $12.12 and a one year high of $26.71. The business has a fifty day moving average of $21.43 and a 200 day moving average of $18.22.

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.