OneDigital Investment Advisors LLC Invests $713,000 in Universal Technical Institute, Inc. (NYSE:UTI)

OneDigital Investment Advisors LLC bought a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,745 shares of the company's stock, valued at approximately $713,000. OneDigital Investment Advisors LLC owned 0.05% of Universal Technical Institute at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new stake in Universal Technical Institute in the 3rd quarter worth approximately $10,217,000. Victory Capital Management Inc. increased its position in Universal Technical Institute by 1,377.1% in the 4th quarter. Victory Capital Management Inc. now owns 518,256 shares of the company's stock worth $13,324,000 after purchasing an additional 483,170 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company's stock worth $9,691,000 after purchasing an additional 295,408 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Universal Technical Institute by 50.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 617,430 shares of the company's stock valued at $15,874,000 after buying an additional 205,716 shares in the last quarter. Finally, Norges Bank acquired a new position in Universal Technical Institute in the fourth quarter worth approximately $5,268,000. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Up 2.1 %

NYSE:UTI traded up $0.61 during trading hours on Friday, hitting $29.18. The stock had a trading volume of 311,989 shares, compared to its average volume of 563,208. The business's 50 day moving average is $27.00 and its 200-day moving average is $25.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 1.92 and a beta of 1.48. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $30.56.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UTI has been the subject of several recent analyst reports. B. Riley began coverage on Universal Technical Institute in a research note on Friday, March 28th. They set a "buy" rating and a $31.00 price target for the company. Lake Street Capital upped their price target on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Barrington Research reiterated an "outperform" rating and issued a $35.00 price objective on shares of Universal Technical Institute in a research note on Thursday, April 17th. Rosenblatt Securities increased their target price on Universal Technical Institute from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Northland Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $32.17.

Insider Buying and Selling

In other news, Director George W. Brochick sold 8,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the transaction, the director now owns 34,917 shares of the company's stock, valued at $963,360.03. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sherrell Smith sold 36,773 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the sale, the executive vice president now owns 227,358 shares of the company's stock, 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. Over the last 90 days, insiders sold 94,524 shares of company stock worth $2,578,450. 15.10% of the stock is owned by insiders.

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.