Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $26.71 and last traded at $26.28, with a volume of 18214 shares trading hands. The stock had previously closed at $26.50.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on UTI. 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 report on Thursday, November 7th. Lake Street Capital upped their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Truist Financial raised their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Barrington Research raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $25.33.
Read Our Latest Stock Analysis on Universal Technical Institute
Universal Technical Institute Price Performance
The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The stock's fifty day moving average is $20.46 and its 200-day moving average is $17.87. The stock has a market capitalization of $1.42 billion, a PE ratio of 35.81, a P/E/G ratio of 1.78 and a beta of 1.48.
Insider Activity
In other Universal Technical Institute 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 trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 27.60% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of UTI. Covestor Ltd raised 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 purchasing an additional 1,564 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Universal Technical Institute in the second quarter valued at about $43,000. Quarry LP lifted its stake in shares of 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 buying an additional 3,056 shares in the last quarter. International Assets Investment Management LLC boosted its position in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock worth $66,000 after acquiring an additional 3,815 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company's stock valued at $150,000 after acquiring an additional 9,512 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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