Verdence Capital Advisors LLC Purchases Shares of 8,244 Universal Technical Institute, Inc. (NYSE:UTI)

Verdence Capital Advisors LLC purchased a new position in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,244 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also modified their holdings of the company. Covestor Ltd boosted its stake in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares in the last quarter. Quarry LP lifted its stake in shares of Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Universal Technical Institute during the fourth quarter valued at $79,000. Finally, Morse Asset Management Inc acquired a new position in shares of Universal Technical Institute in the 3rd quarter valued at $152,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares of the company’s stock, valued at $963,360.03. The trade was a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.10% of the stock is currently owned by company insiders.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $26.28 on Friday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.92 and a beta of 1.49. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56. The firm’s 50 day simple moving average is $26.99 and its 200-day simple moving average is $22.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Analysts expect that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

UTI has been the subject of a number of research reports. Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. 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. Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Lake Street Capital upped their price objective 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. Finally, Barrington Research increased their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $31.17.

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.