Hennessy Advisors Inc. Has $17.76 Million Position in Universal Technical Institute, Inc. (NYSE:UTI)

Hennessy Advisors Inc. lifted its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690,900 shares of the company’s stock after acquiring an additional 44,100 shares during the quarter. Hennessy Advisors Inc. owned approximately 1.28% of Universal Technical Institute worth $17,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock worth $9,691,000 after purchasing an additional 295,408 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Universal Technical Institute during the third quarter worth $395,000. Lord Abbett & CO. LLC bought a new position in Universal Technical Institute during the third quarter worth $10,217,000. Sanctuary Advisors LLC acquired a new position in Universal Technical Institute in the third quarter valued at $794,000. Finally, Geode Capital Management LLC lifted its holdings in Universal Technical Institute by 9.8% in the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after buying an additional 85,417 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Stock Performance

UTI opened at $26.04 on Friday. Universal Technical Institute, Inc. has a 1-year low of $13.15 and a 1-year high of $26.71. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 1.71 and a beta of 1.45. The company’s fifty day moving average price is $24.65 and its two-hundred day moving average price is $19.60. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute 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 transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 27.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

UTI has been the subject of several research analyst reports. B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Lake Street Capital lifted their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Northland Securities boosted their price target on Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Barrington Research raised their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Truist Financial boosted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.33.

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.