Harbor Capital Advisors Inc. Has $9.69 Million Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Harbor Capital Advisors Inc. lifted its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 362.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 376,929 shares of the company’s stock after buying an additional 295,408 shares during the period. Harbor Capital Advisors Inc.’s holdings in Universal Technical Institute were worth $9,691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in Universal Technical Institute by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 121,268 shares of the company’s stock valued at $1,908,000 after acquiring an additional 7,112 shares during the period. Arizona State Retirement System bought a new stake in Universal Technical Institute during the second quarter worth about $189,000. ClariVest Asset Management LLC increased its holdings in shares of Universal Technical Institute by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after buying an additional 2,060 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after buying an additional 39,553 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in shares of Universal Technical Institute in the second quarter valued at approximately $1,875,000. Institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute 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 completion of the sale, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.60% of the company’s stock.

Universal Technical Institute Trading Down 2.8 %

Shares of UTI traded down $0.70 during trading hours on Friday, hitting $24.56. 100,369 shares of the stock traded hands, compared to its average volume of 327,071. The business has a fifty day moving average of $23.87 and a 200-day moving average of $19.23. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.33 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45. Universal Technical Institute, Inc. has a 1-year low of $12.23 and a 1-year high of $26.71.

Wall Street Analyst Weigh In

UTI has been the topic of a number of research analyst reports. Rosenblatt Securities increased their price target on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial increased their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barrington Research raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Northland Securities increased their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, 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 report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $26.33.

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.