3,075 Shares in Universal Technical Institute, Inc. (NYSE:UTI) Bought by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI bought a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,075 shares of the company’s stock, valued at approximately $79,000.

Other hedge funds have also modified their holdings of the company. Covestor Ltd lifted its position 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 acquiring an additional 1,564 shares in the last quarter. Quarry LP lifted its holdings in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares in the last quarter. International Assets Investment Management LLC lifted its holdings 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 valued at $66,000 after purchasing an additional 3,815 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Universal Technical Institute in the third quarter worth $152,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Universal Technical Institute during the third quarter valued at $174,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Stock Performance

Shares of UTI opened at $26.50 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.45. The company’s fifty day moving average is $26.70 and its 200-day moving average is $21.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Insider Activity

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company’s 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 sale, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

UTI has been the subject of several research analyst reports. Lake Street Capital increased their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barrington Research boosted their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Northland Securities increased their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company 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.com, Universal Technical Institute presently has a consensus rating of “Buy” and an average price target of $31.17.

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.