Charles Schwab Investment Management Inc. boosted its stake in Universal Technical Institute Inc (NYSE:UTI – Free Report) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,650 shares of the company’s stock after acquiring an additional 31,020 shares during the period. Charles Schwab Investment Management Inc. owned about 0.70% of Universal Technical Institute worth $9,801,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN grew its stake in Universal Technical Institute by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 48,154 shares of the company’s stock worth $1,238,000 after buying an additional 6,490 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Universal Technical Institute during the fourth quarter worth approximately $203,000. Raymond James Financial Inc. acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at $993,000. MetLife Investment Management LLC raised its position in Universal Technical Institute by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company’s stock valued at $616,000 after purchasing an additional 1,294 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth $713,000. 75.67% of the stock is owned by hedge funds and other institutional investors.
Universal Technical Institute Stock Performance
Shares of UTI stock opened at $26.8210 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $30.93 and a 200-day simple moving average of $29.94. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.58. Universal Technical Institute Inc has a 12-month low of $15.14 and a 12-month high of $36.32.
Wall Street Analyst Weigh In
A number of research firms have commented on UTI. Truist Financial lifted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Wall Street Zen lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Finally, Lake Street Capital reissued a “buy” rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $35.83.
Check Out Our Latest Analysis on UTI
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.
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