Covestor Ltd Grows Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Covestor Ltd grew its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 6,256.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,589 shares of the company’s stock after purchasing an additional 1,564 shares during the quarter. Covestor Ltd’s holdings in Universal Technical Institute were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. purchased a new position in Universal Technical Institute in the 3rd quarter worth approximately $395,000. Harbor Capital Advisors Inc. increased its holdings in shares of Universal Technical Institute by 90.0% during the 3rd 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 last quarter. Pembroke Management LTD increased its holdings in shares of Universal Technical Institute by 11.1% during the 3rd 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 last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Universal Technical Institute by 9.4% during the 3rd 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 last quarter. Finally, Pullen Investment Management LLC increased its holdings in shares of Universal Technical Institute by 15.5% during the 3rd 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 last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UTI shares. Rosenblatt Securities restated a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. Northland Securities raised their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. B. Riley lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial initiated coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $22.20.

Insider Transactions at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the sale, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. The trade was a 33.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $19.61 on Friday. The company has a fifty day simple moving average of $16.85 and a two-hundred day simple moving average of $16.47. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute, Inc. has a 52 week low of $9.98 and a 52 week high of $20.73.

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.