Harbor Capital Advisors Inc. Has $9.18 Million Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Harbor Capital Advisors Inc. trimmed its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,342 shares of the company's stock after selling 19,587 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.66% of Universal Technical Institute worth $9,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in Universal Technical Institute by 15.3% during the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after acquiring an additional 12,017 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in shares of Universal Technical Institute by 46.4% during the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after purchasing an additional 30,250 shares during the period. Rhumbline Advisers boosted its holdings in shares of Universal Technical Institute by 37.4% during the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock worth $1,836,000 after purchasing an additional 19,453 shares during the period. Pier Capital LLC grew its position in Universal Technical Institute by 2.4% during the fourth quarter. Pier Capital LLC now owns 566,663 shares of the company's stock valued at $14,569,000 after purchasing an additional 13,281 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Universal Technical Institute by 8.6% in the 4th quarter. Northern Trust Corp now owns 373,754 shares of the company's stock valued at $9,609,000 after buying an additional 29,755 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the completion of the sale, the director now directly owns 32,516 shares of the company's stock, valued at $1,035,309.44. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sherrell Smith sold 39,446 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total transaction of $1,098,571.10. Following the completion of the sale, the executive vice president now owns 177,912 shares in the company, valued at $4,954,849.20. This represents a 18.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,024 shares of company stock worth $3,466,170. Insiders own 15.10% of the company's stock.

Universal Technical Institute Stock Performance

UTI stock traded down $0.71 during midday trading on Tuesday, hitting $32.53. 804,598 shares of the company traded hands, compared to its average volume of 596,314. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $36.32. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.61. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $30.80 and a 200-day simple moving average of $28.06.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $207.45 million during the quarter, compared to analysts' expectations of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. As a group, equities research analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analysts Set New Price Targets

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