Quarry LP Has $63,000 Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Quarry LP increased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 380.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,859 shares of the company’s stock after acquiring an additional 3,056 shares during the period. Quarry LP’s holdings in Universal Technical Institute were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UTI. Covestor Ltd boosted its holdings in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares in the last quarter. RiverPark Advisors LLC bought a new position in Universal Technical Institute during the second quarter worth $43,000. International Assets Investment Management LLC grew its holdings in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew 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 purchasing an additional 9,512 shares during the period. Finally, Morse Asset Management Inc bought a new stake in Universal Technical Institute in the third quarter valued at $152,000. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Up 0.1 %

Shares of NYSE:UTI opened at $25.65 on Tuesday. The business’s 50 day moving average is $19.40 and its 200 day moving average is $17.51. Universal Technical Institute, Inc. has a 12-month low of $10.46 and a 12-month high of $26.64. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.77 and a beta of 1.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. B. Riley raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barrington Research upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Lake Street Capital lifted their price target 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. Finally, Northland Securities boosted 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 research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $25.33.

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 that occurred 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 transaction, the director now owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.60% of the company’s stock.

About Universal Technical Institute

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.