BNP Paribas Financial Markets Acquires 2,083 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

BNP Paribas Financial Markets grew its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,928 shares of the company’s stock after acquiring an additional 2,083 shares during the quarter. BNP Paribas Financial Markets’ holdings in Universal Technical Institute were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Universal Technical Institute by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after acquiring an additional 36,135 shares during the period. FMR LLC boosted its position in shares of Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after acquiring an additional 878,038 shares during the period. American Century Companies Inc. lifted its position in Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after purchasing an additional 39,553 shares during the period. Hennessy Advisors Inc. bought a new stake in Universal Technical Institute during the second quarter worth about $9,032,000. Finally, First Eagle Investment Management LLC lifted its position in Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after purchasing an additional 140,600 shares during the period. Institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barrington Research upped their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. B. Riley upped their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Lake Street Capital upped their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $25.33.

Insider Buying and Selling

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.60% of the stock is currently owned by insiders.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $25.77 on Friday. The business’s 50 day simple moving average is $20.23 and its 200 day simple moving average is $17.78. Universal Technical Institute, Inc. has a 12 month low of $10.46 and a 12 month high of $26.65. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.78 and a beta of 1.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

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.