2 weeks Ago By ABMN Staff
Legal & General Group Plc reduced its stake in Universal Technical Institute, Inc. ( NYSE:UTI – Free Report ) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 71,226 shares of the company’s stock after selling 2,829 shares during the quarter. Legal & General Group Plc owned 0.13% of Universal Technical Institute worth $1,831,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 85,417 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Universal Technical Institute by 362.
4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after acquiring an additional 295,408 shares in the last quarter.
Rhumbline Advisers boosted its position in Universal Technical Institute by 37.4% during the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock worth $1,836,000 after acquiring an additional 19,453 shares during the last quarter.
Pier Capital LLC grew its stake in shares of Universal Technical Institute by 2.4% during the 4th quarter. Pier Capital LLC now owns 566,663 shares of the company’s stock worth $14,569,000 after acquiring an additional 13,281 shares in the last quarter.
Finally, Principal Financial Group Inc. acquired a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $395,000. 75.
67% of the stock is owned by institutional investors and hedge funds. Insider Buying and Selling at Universal Technical Institute In other Universal Technical Institute news, EVP Sherrell Smith sold 10,000 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $26.
95, for a total transaction of $269,500.00. Following the transaction, the executive vice president now owns 157,663 shares in the company, valued at $4,249,017.
85. This trade represents a 5.96 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction on Wednesday, February 26th.
The stock was sold at an average price of $27.59, for a total value of $220,720.00.
Following the sale, the director now directly owns 34,917 shares of the company’s stock, valued at $963,360.03. This represents a 18.
64 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 94,524 shares of company stock valued at $2,578,450 in the last three months.
15.10% of the stock is currently owned by company insiders. Universal Technical Institute Stock Performance Universal Technical Institute ( NYSE:UTI – Get Free Report ) last released its quarterly earnings data on Wednesday, February 5th.
The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.
22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.
25%. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current year.
Analyst Ratings Changes Several research analysts recently commented on the stock. Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $30.00 to $36.
00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Northland Securities raised their price objective on Universal Technical Institute from $30.00 to $34.
00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barrington Research reiterated an “outperform” rating and set a $35.00 target price on shares of Universal Technical Institute in a report on Thursday, April 17th.
Lake Street Capital raised their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.
Finally, B. Riley began coverage on Universal Technical Institute in a report on Friday, March 28th. They issued a “buy” rating and a $31.
00 price objective for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and a consensus price target of $32.
17. Get Our Latest Research Report on UTI About Universal Technical Institute ( Free Report ) 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. Further Reading Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter .
.
