Universal Technical Institute (NYSE:UTI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Universal Technical Institute (NYSE:UTI – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the stock.

Several other brokerages have also issued reports on UTI. Barrington Research reissued an outperform rating and issued a $10.00 price target on shares of Universal Technical Institute in a report on Thursday, February 9th. TheStreet lowered shares of Universal Technical Institute from a b- rating to a c rating in a report on Wednesday, February 8th. Rosenblatt Securities reissued a buy rating and issued a $9.00 price target on shares of Universal Technical Institute in a report on Thursday, February 9th. Finally, Lake Street Capital decreased their price target on shares of Universal Technical Institute from $12.00 to $10.00 and set a buy rating for the company in a report on Tuesday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $10.60.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $6.56 on Thursday. The firm has a fifty day moving average of $7.26 and a two-hundred day moving average of $6.79. The stock has a market capitalization of $222.84 million, a price-to-earnings ratio of 43.73, a PEG ratio of 2.12 and a beta of 0.89. Universal Technical Institute has a 52 week low of $5.27 and a 52 week high of $11.45. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.27 and a current ratio of 1.27.

Insider Buying and Selling

In related news, Director Coliseum Capital Management, L bought 63,896 shares of Universal Technical Institute stock in a transaction that occurred on Tuesday, December 27th. The stock was purchased at an average cost of $6.24 per share, with a total value of $398,711.04. Following the purchase, the director now owns 280,615 shares in the company, valued at $1,751,037.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Large investors have recently modified their holdings of the business. UBS Group AG boosted its stake in shares of Universal Technical Institute by 6,316.0% during the 4th quarter. UBS Group AG now owns 6,416 shares of the company’s stock worth $43,000 after buying an additional 6,316 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $44,000. Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute during the 1st quarter worth about $47,000. SG Americas Securities LLC acquired a new position in shares of Universal Technical Institute during the 4th quarter worth about $69,000. Finally, Kennedy Capital Management Inc. acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $72,000. 76.70% of the stock is currently owned by institutional investors and hedge funds.

About Universal Technical Institute

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Universal Technical Institute, Inc engages in the provision of transportation and technical training programs. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, welders, and CNC machining technicians.