Shares of Universal Technical Institute, Inc. (NYSE:UTI – Get Free Report) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.17.
Several research analysts have commented on UTI shares. Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Rosenblatt Securities lifted their price target on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Northland Securities lifted their price objective on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Lake Street Capital lifted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.
Read Our Latest Stock Report on Universal Technical Institute
Universal Technical Institute Stock Performance
Insider Activity at Universal Technical Institute
In related news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.10% of the stock is owned by insiders.
Institutional Trading of Universal Technical Institute
Several institutional investors have recently bought and sold shares of the stock. Covestor Ltd boosted its stake in Universal Technical Institute by 6,256.0% in 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. BNP Paribas Financial Markets boosted its stake in Universal Technical Institute by 9.5% in the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after purchasing an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Universal Technical Institute by 27.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after purchasing an additional 2,596 shares in the last quarter. Inspire Investing LLC boosted its stake in Universal Technical Institute by 13.5% in 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 in the last quarter. Finally, Quarry LP boosted its stake 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 purchasing an additional 3,056 shares in the last quarter. Institutional investors and hedge funds 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.
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