Universal Technical Institute (NYSE:UTI) Price Target Cut to $10.00 by Analysts at Rosenblatt Securities

Universal Technical Institute (NYSE:UTIGet Rating) had its price target cut by Rosenblatt Securities from $11.00 to $10.00 in a research report issued on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 44.51% from the stock’s previous close.

A number of other analysts have also recently issued reports on the stock. StockNews.com cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. B. Riley raised their target price on shares of Universal Technical Institute from $11.00 to $14.00 in a research note on Wednesday, April 20th. Argus upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, June 28th. They noted that the move was a valuation call. Finally, Barrington Research lifted their price objective on shares of Universal Technical Institute from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute has a consensus rating of “Buy” and a consensus target price of $11.80.

Universal Technical Institute Stock Performance

NYSE UTI opened at $6.92 on Thursday. The firm has a 50-day moving average of $7.87 and a 200-day moving average of $8.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $228.65 million, a PE ratio of 12.58, a P/E/G ratio of 0.89 and a beta of 0.65. Universal Technical Institute has a 52-week low of $6.43 and a 52-week high of $11.45.

Universal Technical Institute (NYSE:UTIGet Rating) last posted its earnings results on Wednesday, May 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.13. The company had revenue of $102.09 million during the quarter, compared to analysts’ expectations of $97.20 million. Universal Technical Institute had a net margin of 8.64% and a return on equity of 32.32%. On average, sell-side analysts anticipate that Universal Technical Institute will post 0.62 EPS for the current year.

Insider Activity

In other news, CEO Jerome Alan Grant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $9.08, for a total value of $181,600.00. Following the completion of the transaction, the chief executive officer now directly owns 87,152 shares in the company, valued at approximately $791,340.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently made changes to their positions in UTI. Qube Research & Technologies Ltd acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at approximately $199,000. Greenwood Capital Associates LLC grew its holdings in shares of Universal Technical Institute by 15.2% during the 4th quarter. Greenwood Capital Associates LLC now owns 111,780 shares of the company’s stock valued at $874,000 after purchasing an additional 14,764 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Universal Technical Institute by 59.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,041 shares of the company’s stock valued at $63,000 after purchasing an additional 3,000 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Universal Technical Institute by 18.9% during the 4th quarter. American Century Companies Inc. now owns 12,385 shares of the company’s stock valued at $97,000 after purchasing an additional 1,969 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Universal Technical Institute by 15.7% during the 4th quarter. Victory Capital Management Inc. now owns 639,093 shares of the company’s stock valued at $4,998,000 after purchasing an additional 86,512 shares during the last quarter. 70.66% of the stock is currently owned by institutional investors and hedge funds.

About Universal Technical Institute

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Universal Technical Institute, Inc provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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