Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $22.00 price objective on the stock. Barrington Research's target price suggests a potential upside of 12.19% from the company's current price.
UTI has been the topic of several other research reports. Northland Securities increased their price target on Universal Technical Institute from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, September 11th. B. Riley increased their price objective 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. StockNews.com raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a report on Wednesday, August 7th. Finally, Truist Financial assumed 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $22.20.
Read Our Latest Stock Report on UTI
Universal Technical Institute Stock Up 0.4 %
UTI stock traded up $0.07 during trading hours on Friday, hitting $19.61. The company's stock had a trading volume of 232,541 shares, compared to its average volume of 520,339. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.06 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. Universal Technical Institute has a 12 month low of $9.98 and a 12 month high of $20.73. The stock has a 50 day moving average price of $16.78 and a two-hundred day moving average price of $16.44.
Insider Activity at Universal Technical Institute
In other news, CEO Jerome Alan Grant sold 68,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the sale, the chief executive officer now owns 136,443 shares of the company's stock, valued at $2,391,845.79. This trade represents a 33.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 27.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Universal Technical Institute
Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Universal Technical Institute by 341.1% during the first quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company's stock worth $5,329,000 after purchasing an additional 258,532 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Universal Technical Institute in the second quarter worth $675,000. First Eagle Investment Management LLC boosted its stake in Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company's stock valued at $8,162,000 after buying an additional 140,600 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 2nd quarter valued at about $3,103,000. Finally, International Assets Investment Management LLC raised its stake 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 valued at $66,000 after purchasing an additional 3,815 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.
About Universal Technical Institute
(
Get Free Report)
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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