30,000 Shares in Universal Technical Institute Inc $UTI Bought by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC bought a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,000 shares of the company’s stock, valued at approximately $560,000. Villere ST Denis J & Co. LLC owned about 0.05% of Universal Technical Institute at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UTI. Parallel Advisors LLC boosted its position in Universal Technical Institute by 36.1% in the third quarter. Parallel Advisors LLC now owns 9,393 shares of the company’s stock worth $175,000 after purchasing an additional 2,492 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Universal Technical Institute in the third quarter valued at about $5,612,000. Guardian Wealth Management Inc. lifted its holdings in Universal Technical Institute by 35.7% in the 3rd quarter. Guardian Wealth Management Inc. now owns 192,116 shares of the company’s stock worth $3,587,000 after purchasing an additional 50,572 shares in the last quarter. Covestor Ltd grew its holdings in Universal Technical Institute by 536.9% during the 3rd quarter. Covestor Ltd now owns 2,624 shares of the company’s stock valued at $49,000 after buying an additional 2,212 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Universal Technical Institute by 7.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,400 shares of the company’s stock valued at $232,000 after buying an additional 900 shares during the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $21.96 on Tuesday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average price of $20.80 and a 200-day moving average price of $32.04. Universal Technical Institute Inc has a one year low of $18.02 and a one year high of $51.34.

Wall Street Analysts Forecast Growth

UTI has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 6th. B. Riley Financial decreased their price target on shares of Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Northland Securities set a $35.00 price objective on shares of Universal Technical Institute in a report on Thursday, September 10th. Truist Financial cut their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.33.

About Universal Technical Institute

Universal Technical Institute, Inc (UTI) is a provider of career-focused postsecondary education and training. Founded in 1965, the company prepares students for careers in transportation, skilled trades and health care through campus-based and online programs.

UTI’s transportation and skilled-trades programs cover areas such as automotive, diesel, collision repair, motorcycle and marine technology, welding, heating, ventilation and air conditioning, and robotics and automation. Programs are offered through brands including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.

Through its Concorde Career Colleges subsidiary, UTI also provides health care education and training.