Great Lakes Advisors LLC Has $4.56 Million Position in Universal Technical Institute, Inc. (NYSE:UTI)

Great Lakes Advisors LLC lowered its position in Universal Technical Institute, Inc. (NYSE:UTI) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,436 shares of the company’s stock after selling 17,684 shares during the period. Great Lakes Advisors LLC’s holdings in Universal Technical Institute were worth $4,562,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after buying an additional 85,417 shares during the last quarter. FMR LLC increased its holdings in Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock worth $14,296,000 after buying an additional 878,038 shares during the last quarter. State Street Corp increased its holdings in Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after buying an additional 29,461 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in Universal Technical Institute by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock worth $17,763,000 after buying an additional 44,100 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Universal Technical Institute during the third quarter worth approximately $10,217,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 4.1 %

UTI opened at $26.84 on Friday. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 1.92 and a beta of 1.49. The business has a 50 day moving average of $27.06 and a 200-day moving average of $22.43.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, sell-side analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barrington Research upped their target price on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Lake Street Capital upped their target price on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Northland Securities upped their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Rosenblatt Securities upped their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Truist Financial upped their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $31.17.

Insider Activity

In other news, Director George W. Brochick sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now directly owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.10% of the stock is owned by company insiders.

About Universal Technical Institute

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.