Northland Securities Issues Positive Forecast for Universal Technical Institute (NYSE:UTI) Stock Price

Universal Technical Institute (NYSE:UTI) had its price target increased by Northland Securities from $20.00 to $24.00 in a research report sent to investors on Thursday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

A number of other analysts have also recently commented on UTI. Truist Financial started coverage on shares of Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price for the company. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. B. Riley lifted 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. Barrington Research reiterated an “outperform” rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Friday, November 15th. Finally, Rosenblatt Securities restated a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Universal Technical Institute Stock Up 7.5 %

Universal Technical Institute stock opened at $25.38 on Thursday. Universal Technical Institute has a 1-year low of $10.46 and a 1-year high of $25.60. The business has a fifty day moving average price of $17.37 and a 200-day moving average price of $16.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.76 and a beta of 1.34.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd lifted its position in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares in the last quarter. RiverPark Advisors LLC acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $43,000. Quarry LP boosted its holdings in Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after buying an additional 3,056 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Universal Technical Institute during the 3rd quarter worth approximately $152,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.