Empowered Funds LLC Has $2.10 Million Stock Position in Universal Technical Institute, Inc. (NYSE:UTI)

Empowered Funds LLC lowered its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 61.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,664 shares of the company’s stock after selling 132,551 shares during the quarter. Empowered Funds LLC’s holdings in Universal Technical Institute were worth $2,100,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC increased its position in shares of Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after buying an additional 878,038 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Universal Technical Institute in the 3rd quarter valued at $10,217,000. Harbor Capital Advisors Inc. increased its position in shares of 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 buying an additional 295,408 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Universal Technical Institute by 198.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock valued at $5,622,000 after buying an additional 229,738 shares in the last quarter. Finally, Pier Capital LLC increased its position in shares of Universal Technical Institute by 57.3% in the 3rd quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after buying an additional 201,573 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $28.37 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.99 and a beta of 1.45. The business has a 50-day moving average of $26.47 and a 200-day moving average of $21.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.08. Universal Technical Institute, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $30.56.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, sell-side analysts predict that Universal Technical Institute, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. B. Riley increased their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barrington Research increased their target price on Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial increased their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Northland Securities increased their target price on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $31.17.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were 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 directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.10% of the stock is currently owned by company insiders.

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.