Universal Technical Institute, Inc. (NYSE:UTI) Receives Average Rating of “Buy” from Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has received an average recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $22.20.

UTI has been the subject of a number of analyst reports. B. Riley upped their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial started coverage on Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 target price for the company. Barrington Research reiterated an “outperform” rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Friday. Northland Securities lifted their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, September 11th.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the transaction, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. This represents a 33.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several large investors have recently modified their holdings of UTI. Covestor Ltd lifted its position in shares of Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the last quarter. RiverPark Advisors LLC bought a new position in Universal Technical Institute in the second quarter worth about $43,000. Quarry LP lifted its holdings in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after acquiring an additional 3,056 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after acquiring an additional 3,815 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after acquiring an additional 9,512 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 0.4 %

NYSE UTI opened at $19.61 on Tuesday. The stock has a market cap of $1.06 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a 12 month low of $9.98 and a 12 month high of $20.73. The stock’s fifty day moving average price is $16.85 and its 200-day moving average price is $16.48.

About Universal Technical Institute

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.