Universal Technical Institute, Inc. (NYSE:UTI – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $28.97 and last traded at $28.95, with a volume of 847443 shares traded. The stock had previously closed at $27.32.
Wall Street Analysts Forecast Growth
UTI has been the topic of a number of research analyst reports. Lake Street Capital raised their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barrington Research boosted their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Truist Financial raised their target price on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Northland Securities raised their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Buy” and an average price target of $27.17.
Universal Technical Institute Stock Up 6.0 %
Insiders Place Their Bets
In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.10% of the company’s stock.
Institutional Trading of Universal Technical Institute
A number of hedge funds have recently modified their holdings of UTI. Covestor Ltd raised its position in Universal Technical Institute by 6,256.0% during 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 period. Arcadia Investment Management Corp MI purchased a new position in Universal Technical Institute during the 4th quarter valued at about $79,000. Quarry LP increased its holdings in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its position 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 worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Universal Technical Institute during the third quarter worth approximately $152,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.
Universal Technical Institute Company 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.
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