Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report)'s stock price reached a new 52-week high during trading on Friday after B. Riley raised their price target on the stock from $22.00 to $25.00. B. Riley currently has a buy rating on the stock. Universal Technical Institute traded as high as $19.86 and last traded at $19.79, with a volume of 80714 shares changing hands. The stock had previously closed at $19.41.
A number of other brokerages also recently issued reports on UTI. Northland Securities lifted their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Truist Financial initiated coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They set a "buy" rating and a $22.00 price objective on the stock. Rosenblatt Securities restated a "buy" rating and issued a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday, September 11th. StockNews.com raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, August 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $22.20.
Get Our Latest Stock Report on Universal Technical Institute
Insider Buying and Selling at Universal Technical Institute
In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total value of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares of the company's stock, valued at $2,391,845.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Universal Technical Institute
A number of large investors have recently made changes to their positions in UTI. Vanguard Group Inc. boosted its position in shares of Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company's stock worth $37,872,000 after buying an additional 842,765 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter worth approximately $9,032,000. Pembroke Management LTD raised its position in shares of Universal Technical Institute by 646.3% during the 2nd quarter. Pembroke Management LTD now owns 369,308 shares of the company's stock worth $5,809,000 after purchasing an additional 319,820 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Universal Technical Institute by 2,058.7% in the first quarter. Acadian Asset Management LLC now owns 298,849 shares of the company's stock valued at $4,763,000 after acquiring an additional 285,005 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Universal Technical Institute by 341.1% in the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company's stock valued at $5,329,000 after purchasing an additional 258,532 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.
Universal Technical Institute Stock Performance
The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.39 and a beta of 1.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The stock's 50-day moving average is $16.46 and its 200-day moving average is $16.25.
Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The company had revenue of $177.46 million during the quarter, compared to the consensus estimate of $172.33 million. During the same quarter in the prior year, the company posted ($0.05) EPS. Analysts anticipate that Universal Technical Institute, Inc. will post 0.71 EPS for the current fiscal year.
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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