Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) shares reached a new 52-week high on Friday after Barrington Research raised their price target on the stock from $25.00 to $30.00. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute traded as high as $27.08 and last traded at $26.73, with a volume of 193077 shares traded. The stock had previously closed at $26.00.
A number of other analysts have also recently issued reports on the stock. Lake Street Capital increased their price objective 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. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Truist Financial raised their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Rosenblatt Securities upped their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Northland Securities lifted their target price on Universal Technical Institute from $24.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute presently has a consensus rating of "Buy" and a consensus target price of $27.17.
Check Out Our Latest Stock Report on Universal Technical Institute
Insider Buying and Selling at Universal Technical Institute
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 completion of the transaction, the director now owns 128,205 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 27.60% of the stock is currently owned by company insiders.
Institutional Trading of Universal Technical Institute
Several hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its stake in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after acquiring an additional 1,564 shares during the period. Quarry LP raised its position in Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC lifted 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 worth $66,000 after purchasing an additional 3,815 shares during the last quarter. Morse Asset Management Inc bought a new stake in Universal Technical Institute in the third quarter worth about $152,000. Finally, ProShare Advisors LLC purchased a new position in shares of Universal Technical Institute during the second quarter valued at approximately $167,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Universal Technical Institute Stock Performance
The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.44 billion, a P/E ratio of 35.91, a PEG ratio of 1.71 and a beta of 1.45. The business has a 50 day moving average price of $24.77 and a 200 day moving average price of $19.67.
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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