11,650 Shares in Universal Technical Institute, Inc. (NYSE:UTI) Acquired by Independent Advisor Alliance

Independent Advisor Alliance purchased a new stake in Universal Technical Institute, Inc. (NYSE:UTI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 11,650 shares of the company’s stock, valued at approximately $189,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position 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 worth $37,872,000 after purchasing an additional 842,765 shares during the period. American International Group Inc. raised its holdings in Universal Technical Institute by 19.6% during 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 period. Lazard Asset Management LLC purchased a new stake in Universal Technical Institute during the first quarter valued at about $181,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Universal Technical Institute by 11.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock worth $532,000 after buying an additional 3,446 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Universal Technical Institute in the second quarter worth approximately $675,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Activity at Universal Technical Institute

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

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $25.87 on Friday. Universal Technical Institute, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $26.43. The stock’s 50-day moving average is $18.11 and its two-hundred day moving average is $16.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02. The firm has a market cap of $1.39 billion, a P/E ratio of 34.96, a PEG ratio of 1.80 and a beta of 1.34.

Analyst Upgrades and Downgrades

UTI has been the subject of several research analyst reports. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley raised their target price 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. Rosenblatt Securities increased their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Northland Securities lifted their target price on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Lake Street Capital increased their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $25.33.

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.