$2M Bet On Universal Technical Institute? Check Out These 3 Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders have recently made notable purchases in Universal Technical Institute (UTI), Comtech Telecommunications (CMTL), and Southwest Gas Holdings (SWX). These purchases signal confidence in the companies' prospects and may present an opportunity for investors.
June 26, 2023 | 1:02 pm
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POSITIVE IMPACT
Director Mark R Quinlan acquired 100,000 shares of Comtech Telecommunications at an average price of $8.89, costing around $888.57 thousand. The company reported worse-than-expected Q3 adjusted EPS results.
The insider purchase by Director Mark R Quinlan indicates confidence in the company's prospects, despite the worse-than-expected Q3 adjusted EPS results. This could suggest a potential upside for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Icahn Partners Master Fund LP, a 10% owner of Southwest Gas Holdings, bought 9,652 shares at an average price of $57.99, costing around $559.72 thousand. The company posted upbeat quarterly results.
The purchase by Icahn Partners Master Fund LP, a significant owner of Southwest Gas Holdings, signals confidence in the company's prospects following upbeat quarterly results. This could indicate a potential upside for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Director Adam Gray acquired 307,650 shares of Universal Technical Institute at an average price of $6.67, costing around $2.05 million. Argus Research downgraded the stock from Buy to Hold.
The large purchase by Director Adam Gray signals confidence in the company's prospects, despite the recent downgrade by Argus Research. This could indicate a potential upside for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100