Universal Technical Institute (NYSE:UTI) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Universal Technical Institute (NYSE:UTIFree Report) from a hold rating to a buy rating in a research report report published on Thursday.

Several other research firms have also recently weighed in on UTI. B. Riley reaffirmed a buy rating and set a $22.00 price objective (up from $20.00) on shares of Universal Technical Institute in a research report on Thursday, May 30th. Barrington Research reaffirmed an outperform rating and set a $20.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, May 28th. Finally, Rosenblatt Securities reaffirmed a buy rating and set a $18.00 price objective on shares of Universal Technical Institute in a research report on Monday, April 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $17.40.

Check Out Our Latest Analysis on UTI

Universal Technical Institute Stock Down 3.6 %

NYSE UTI opened at $14.77 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $794.63 million, a PE ratio of 41.03, a PEG ratio of 1.43 and a beta of 1.24. Universal Technical Institute has a 1 year low of $6.34 and a 1 year high of $17.09. The business’s 50-day moving average is $15.17 and its 200 day moving average is $14.14.

Universal Technical Institute (NYSE:UTIGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $184.18 million for the quarter, compared to the consensus estimate of $177.01 million. Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. Sell-side analysts forecast that Universal Technical Institute will post 0.71 earnings per share for the current year.

Insider Activity

In other news, Director Loretta Lydia Sanchez sold 6,288 shares of Universal Technical Institute stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the transaction, the director now directly owns 13,712 shares in the company, valued at $208,696.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently added to or reduced their stakes in UTI. Victory Capital Management Inc. raised its holdings in Universal Technical Institute by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock worth $2,327,000 after acquiring an additional 4,503 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Universal Technical Institute by 6.6% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock worth $5,262,000 after acquiring an additional 38,630 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in Universal Technical Institute by 8.3% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 15,540 shares of the company’s stock worth $130,000 after acquiring an additional 1,190 shares during the last quarter. EAM Investors LLC purchased a new position in Universal Technical Institute in the 3rd quarter worth approximately $1,557,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Universal Technical Institute by 45.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,459 shares of the company’s stock worth $272,000 after acquiring an additional 10,142 shares during the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Technical Institute

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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.

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