Universal Technical Institute (NYSE:UTI) Hits New 1-Year High – Time to Buy?

Universal Technical Institute, Inc. (NYSE:UTI)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $26.71 and last traded at $26.08, with a volume of 32602 shares traded. The stock had previously closed at $26.20.

Analysts Set New Price Targets

UTI has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Northland Securities boosted their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Barrington Research raised their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Lake Street Capital lifted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and an average price target of $26.33.

Universal Technical Institute Trading Down 1.8 %

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.39 billion, a PE ratio of 34.77, a PEG ratio of 1.78 and a beta of 1.48. The business’s 50-day moving average is $23.18 and its two-hundred day moving average is $18.98.

Insider Activity

In other news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, the director now directly owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Universal Technical Institute by 2.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,060 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after purchasing an additional 2,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after purchasing an additional 2,596 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Universal Technical Institute by 13.5% during the third quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock worth $416,000 after purchasing an additional 3,032 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.