Independent Advisor Alliance Makes New $189,000 Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Independent Advisor Alliance bought a new position in Universal Technical Institute, Inc. (NYSE:UTI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,650 shares of the company’s stock, valued at approximately $189,000.

A number of other institutional investors have also made changes to their positions in UTI. Covestor Ltd increased its stake 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 purchasing an additional 1,564 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $43,000. International Assets Investment Management LLC raised its stake in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after acquiring an additional 3,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after acquiring an additional 9,512 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Universal Technical Institute in the second quarter valued at approximately $167,000. 75.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Down 0.7 %

Universal Technical Institute stock opened at $25.87 on Friday. Universal Technical Institute, Inc. has a 52 week low of $10.46 and a 52 week high of $26.43. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.80 and a beta of 1.34. The company’s 50-day moving average price is $18.11 and its two-hundred day moving average price is $16.96. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

UTI has been the topic of several recent research reports. Truist Financial raised their price target 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 boosted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Lake Street Capital increased 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. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Northland Securities raised their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $25.33.

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.