Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $26.71 and last traded at $26.08, with a volume of 32602 shares. The stock had previously closed at $26.20.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on UTI. Lake Street Capital boosted their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Truist Financial boosted their price objective on Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Rosenblatt Securities raised their target price 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. Barrington Research lifted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Northland Securities increased their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute presently has an average rating of "Buy" and an average price target of $26.33.
View Our Latest Research Report on UTI
Universal Technical Institute Stock 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 company has a fifty day moving average price of $23.36 and a 200 day moving average price of $19.06. The stock has a market cap of $1.39 billion, a P/E ratio of 34.80, a P/E/G ratio of 1.78 and a beta of 1.45.
Insider Buying and Selling at Universal Technical Institute
In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction dated Wednesday, November 27th. The stock was 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 approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Covestor Ltd raised its position 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 buying an additional 1,564 shares during the last quarter. ClariVest Asset Management LLC lifted its position in shares of Universal Technical Institute by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company's stock valued at $1,215,000 after purchasing an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock worth $389,000 after purchasing an additional 2,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company's stock worth $197,000 after purchasing an additional 2,596 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Universal Technical Institute by 13.5% in the 3rd quarter. Inspire Investing LLC now owns 25,556 shares of the company's stock valued at $416,000 after buying an additional 3,032 shares during the last quarter. Institutional investors own 75.67% of the company's stock.
About Universal Technical Institute
(
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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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