Universal Technical Institute, Inc. (NYSE:UTI) Receives $25.33 Consensus PT from Brokerages

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) has been assigned an average recommendation of "Buy" from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.33.

Several equities research analysts recently commented on the stock. Northland Securities lifted their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Barrington Research boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Lake Street Capital increased their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, B. Riley lifted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

Insider Activity at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction 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. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in Universal Technical Institute in the third quarter valued at approximately $794,000. Geode Capital Management LLC lifted its holdings in shares of Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock worth $15,496,000 after purchasing an additional 85,417 shares in the last quarter. Guardian Wealth Management Inc. grew its position in Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company's stock valued at $1,407,000 after purchasing an additional 84,964 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Universal Technical Institute in the 3rd quarter valued at $174,000. Finally, Pier Capital LLC increased its stake in Universal Technical Institute by 57.3% during the 3rd quarter. Pier Capital LLC now owns 553,382 shares of the company's stock valued at $8,998,000 after purchasing an additional 201,573 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Trading Up 0.7 %

Shares of UTI stock traded up $0.18 during mid-day trading on Friday, reaching $25.62. 477,930 shares of the stock traded hands, compared to its average volume of 601,943. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.71 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $19.21 and its two-hundred day simple moving average is $17.41. Universal Technical Institute has a 1-year low of $10.46 and a 1-year high of $26.64.

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.