Nuveen Asset Management LLC Purchases 97,314 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Nuveen Asset Management LLC lifted its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 103.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,760 shares of the company's stock after buying an additional 97,314 shares during the period. Nuveen Asset Management LLC owned about 0.35% of Universal Technical Institute worth $4,930,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Needham Investment Management LLC increased its holdings in Universal Technical Institute by 2.0% in the 4th quarter. Needham Investment Management LLC now owns 306,000 shares of the company's stock worth $7,867,000 after purchasing an additional 6,000 shares in the last quarter. Millennium Management LLC increased its holdings in Universal Technical Institute by 87.0% in the 4th quarter. Millennium Management LLC now owns 105,055 shares of the company's stock worth $2,701,000 after purchasing an additional 48,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Universal Technical Institute by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after purchasing an additional 777 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Universal Technical Institute in the 4th quarter worth about $101,000. Finally, Graham Capital Management L.P. grew its position in shares of Universal Technical Institute by 56.9% in the 4th quarter. Graham Capital Management L.P. now owns 16,916 shares of the company's stock valued at $435,000 after buying an additional 6,138 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on UTI. Truist Financial upped their price target on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. B. Riley started coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 target price on the stock. Lake Street Capital restated a "buy" rating and set a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Northland Securities upped their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $35.83.

Insider Transactions at Universal Technical Institute

In related news, Director George W. Brochick sold 6,000 shares of Universal Technical Institute 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 sale, the director now directly owns 32,516 shares in the company, valued at approximately $1,035,309.44. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total value of $981,103.64. Following the sale, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. This trade represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,024 shares of company stock valued at $3,466,170 over the last ninety days. 15.10% of the stock is currently owned by insiders.

Universal Technical Institute Stock Up 0.9%

NYSE:UTI traded up $0.33 on Monday, hitting $35.86. The stock had a trading volume of 771,942 shares, compared to its average volume of 593,763. The business's fifty day moving average is $29.72 and its 200 day moving average is $27.49. The company has a market cap of $1.95 billion, a PE ratio of 36.97, a P/E/G ratio of 1.92 and a beta of 1.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a 52 week low of $13.66 and a 52 week high of $36.64.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, equities research analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Universal Technical Institute 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.