Universal Technical Institute, Inc. (NYSE:UTI) Shares Acquired by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. lifted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 5,347.0% during the third quarter, Holdings Channel reports. The fund owned 86,553 shares of the company’s stock after acquiring an additional 84,964 shares during the period. Guardian Wealth Management Inc.’s holdings in Universal Technical Institute were worth $1,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its stake in shares of Universal Technical Institute by 6,256.0% in the 3rd 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 period. RiverPark Advisors LLC purchased a new position in Universal Technical Institute in the second quarter worth approximately $43,000. Quarry LP grew its holdings in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after acquiring an additional 3,056 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Universal Technical Institute by 1,526.0% in the 3rd 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 last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Universal Technical Institute in the 3rd quarter valued at $152,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 27.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UTI has been the subject of a number of analyst reports. Barrington Research boosted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Truist Financial upped their price objective 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. Northland Securities raised their target price on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. B. Riley upped their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Lake Street Capital raised their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $25.33.

Universal Technical Institute Stock Up 0.7 %

Universal Technical Institute stock opened at $25.62 on Monday. The stock has a 50-day simple moving average of $19.21 and a 200-day simple moving average of $17.43. The company has a market capitalization of $1.38 billion, a P/E ratio of 34.62, a PEG ratio of 1.77 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. Universal Technical Institute, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $26.64.

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.