Oak Family Advisors LLC Reduces Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Oak Family Advisors LLC trimmed its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 70.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,939 shares of the company’s stock after selling 26,248 shares during the quarter. Oak Family Advisors LLC’s holdings in Universal Technical Institute were worth $281,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UTI. Covestor Ltd raised its position in shares of 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 buying an additional 1,564 shares during the last quarter. Quarry LP lifted its holdings in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after purchasing an additional 3,815 shares during the period. Morse Asset Management Inc bought a new position in Universal Technical Institute during the 3rd quarter worth approximately $152,000. Finally, ProShare Advisors LLC acquired a new position in Universal Technical Institute in the second quarter worth $167,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $27.38 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 1.90 and a beta of 1.45. Universal Technical Institute, Inc. has a 1-year low of $13.23 and a 1-year high of $28.00. The firm’s 50-day moving average price is $25.92 and its two-hundred day moving average price is $20.41.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UTI. Barrington Research increased their price target on Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Truist Financial boosted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Northland Securities lifted their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Lake Street Capital upped their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, B. Riley boosted 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 report on Thursday, November 7th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $27.17.

Insider Activity

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.10% of the stock is owned by insiders.

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.