Universal Technical Institute, Inc. (NYSE:UTI) Given Consensus Rating of “Buy” by Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.17.

Several analysts have issued reports on the stock. Northland Securities upped their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Rosenblatt Securities increased their target price on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. 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 note on Thursday, November 7th. Barrington Research boosted their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Lake Street Capital lifted their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its position in Universal Technical Institute by 6,256.0% during 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 period. Quarry LP lifted its position in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its position in Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the period. Morse Asset Management Inc bought a new stake in Universal Technical Institute during the third quarter worth about $152,000. Finally, ProShare Advisors LLC purchased a new stake in Universal Technical Institute in the second quarter worth about $167,000. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Trading Down 1.0 %

Shares of UTI opened at $26.49 on Friday. Universal Technical Institute has a fifty-two week low of $13.23 and a fifty-two week high of $27.29. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.84 and a beta of 1.45. The firm has a 50 day moving average price of $25.42 and a 200-day moving average price of $20.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

Universal Technical Institute Company Profile

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.