Dakota Wealth Management Invests $1.01 Million in Universal Technical Institute Inc (NYSE:UTI)

Dakota Wealth Management purchased a new stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 39,494 shares of the company's stock, valued at approximately $1,014,000. Dakota Wealth Management owned approximately 0.07% of Universal Technical Institute at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Universal Technical Institute by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 101,014 shares of the company's stock worth $2,597,000 after buying an additional 4,842 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Universal Technical Institute by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,630 shares of the company's stock worth $9,015,000 after buying an additional 4,858 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Universal Technical Institute in the 4th quarter worth $993,000. Independent Advisor Alliance increased its holdings in shares of Universal Technical Institute by 4.4% in the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock worth $313,000 after buying an additional 507 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Universal Technical Institute in the 4th quarter worth $845,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 27,500 shares of Universal Technical Institute stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the transaction, the chief operating officer owned 80,521 shares of the company's stock, valued at $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George W. Brochick sold 6,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the transaction, the director directly owned 32,516 shares in the company, valued at $1,035,309.44. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. 15.10% of the stock is owned by insiders.

Universal Technical Institute Stock Performance

NYSE UTI traded down $0.02 during trading hours on Friday, hitting $32.51. 561,016 shares of the company's stock traded hands, compared to its average volume of 602,373. The business's fifty day moving average price is $33.58 and its two-hundred day moving average price is $29.45. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.77 billion, a P/E ratio of 31.26, a P/E/G ratio of 2.05 and a beta of 1.58. Universal Technical Institute Inc has a 52 week low of $15.14 and a 52 week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The business had revenue of $207.45 million for the quarter, compared to the consensus estimate of $196.63 million. Equities research analysts predict that Universal Technical Institute Inc will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

UTI has been the subject of a number of research reports. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, June 12th. Truist Financial upped their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. B. Riley initiated coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 price objective for the company. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 8th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Universal Technical Institute currently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Company 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.