UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,504 shares of the company’s stock after selling 13,834 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Universal Technical Institute worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its position in Universal Technical Institute by 37.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after purchasing an additional 140,600 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after acquiring an additional 229,738 shares during the period. Great Lakes Advisors LLC purchased a new stake in Universal Technical Institute during the second quarter valued at $3,103,000. International Assets Investment Management LLC increased its position in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Universal Technical Institute in the third quarter valued at about $395,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This 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 this link. 27.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Northland Securities boosted their price target on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Rosenblatt Securities boosted their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial increased their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. B. Riley boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Barrington Research raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $25.33.

Universal Technical Institute Stock Down 5.3 %

UTI opened at $24.81 on Thursday. The firm’s fifty day moving average is $20.86 and its 200 day moving average is $17.99. Universal Technical Institute, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $26.71. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

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.