Universal Technical Institute, Inc. (NYSE:UTI) Given Consensus Rating of "Buy" by Brokerages

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) has earned a consensus recommendation of "Buy" from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is $22.20.

Several research firms have commented on UTI. Barrington Research reiterated an "outperform" rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, August 7th. Northland Securities increased their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. B. Riley upped their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Truist Financial assumed coverage on Universal Technical Institute in a report on Thursday, July 25th. They set a "buy" rating and a $22.00 price target for the company. Finally, Rosenblatt Securities reissued a "buy" rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, September 11th.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now owns 136,443 shares of the company's stock, valued at approximately $2,391,845.79. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 27.60% of the company's stock.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company's stock worth $5,622,000 after purchasing an additional 229,738 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Universal Technical Institute in the third quarter worth about $188,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Universal Technical Institute by 65.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,080 shares of the company's stock valued at $1,627,000 after purchasing an additional 39,646 shares in the last quarter. RiverPark Advisors LLC grew its stake in Universal Technical Institute by 309.5% in the third quarter. RiverPark Advisors LLC now owns 11,070 shares of the company's stock valued at $180,000 after purchasing an additional 8,367 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Universal Technical Institute by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 214,215 shares of the company's stock worth $3,483,000 after buying an additional 10,854 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Price Performance

UTI traded down $0.47 during trading on Tuesday, hitting $20.15. 111,779 shares of the company traded hands, compared to its average volume of 523,818. The stock's 50-day simple moving average is $16.58 and its two-hundred day simple moving average is $16.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.08 billion, a PE ratio of 41.24, a P/E/G ratio of 1.48 and a beta of 1.34. Universal Technical Institute has a 1 year low of $9.36 and a 1 year high of $20.73.

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.