Versor Investments LP Makes New Investment in Universal Technical Institute, Inc. (NYSE:UTI)

Versor Investments LP purchased a new stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,875 shares of the company’s stock, valued at approximately $242,000.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd raised its stake in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Universal Technical Institute during the 3rd quarter valued at approximately $395,000. Harbor Capital Advisors Inc. lifted its holdings in Universal Technical Institute by 90.0% in the third quarter. Harbor Capital Advisors Inc. now owns 81,521 shares of the company’s stock valued at $1,326,000 after acquiring an additional 38,624 shares during the last quarter. Pembroke Management LTD grew its position in Universal Technical Institute by 11.1% in the third quarter. Pembroke Management LTD now owns 410,163 shares of the company’s stock worth $6,669,000 after acquiring an additional 40,855 shares during the period. Finally, Conestoga Capital Advisors LLC increased its stake in Universal Technical Institute by 9.4% during the third quarter. Conestoga Capital Advisors LLC now owns 85,110 shares of the company’s stock worth $1,384,000 after acquiring an additional 7,320 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 0.4 %

Shares of UTI stock opened at $19.61 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.06 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.48. Universal Technical Institute, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $20.73.

Insiders Place Their Bets

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 33.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. B. Riley upped their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Northland Securities increased their target price on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Friday. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $22.20.

About Universal Technical Institute

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.