Empowered Funds LLC Purchases 10,854 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Empowered Funds LLC raised its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,215 shares of the company’s stock after buying an additional 10,854 shares during the quarter. Empowered Funds LLC owned about 0.40% of Universal Technical Institute worth $3,483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UTI. Russell Investments Group Ltd. lifted its position in Universal Technical Institute by 341.1% during the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock valued at $5,329,000 after acquiring an additional 258,532 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Universal Technical Institute by 55.0% during the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after purchasing an additional 842,765 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Universal Technical Institute by 2,058.7% in the 1st quarter. Acadian Asset Management LLC now owns 298,849 shares of the company’s stock worth $4,763,000 after purchasing an additional 285,005 shares in the last quarter. American International Group Inc. grew its stake in shares of Universal Technical Institute by 19.6% in the 1st quarter. American International Group Inc. now owns 19,494 shares of the company’s stock worth $311,000 after buying an additional 3,194 shares during the last quarter. Finally, EntryPoint Capital LLC grew its stake in shares of Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after buying an additional 3,643 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

UTI has been the topic of several analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday, September 11th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Friday. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Truist Financial initiated coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $22.20.

Insider Buying and Selling at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the sale, the chief executive officer now owns 136,443 shares of the company’s stock, valued at $2,391,845.79. The trade was a 33.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Up 0.4 %

UTI opened at $19.68 on Tuesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 1.43 and a beta of 1.34. The firm has a 50 day moving average price of $16.91 and a 200-day moving average price of $16.51. Universal Technical Institute, Inc. has a twelve month low of $10.46 and a twelve month high of $20.73. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56.

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.