Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report)'s stock price rose 4.5% during mid-day trading on Thursday after Northland Securities raised their price target on the stock from $24.00 to $30.00. Northland Securities currently has an outperform rating on the stock. Universal Technical Institute traded as high as $26.09 and last traded at $25.92. Approximately 147,404 shares were traded during trading, a decline of 72% from the average daily volume of 531,678 shares. The stock had previously closed at $24.81.
A number of other equities research analysts have also issued reports on UTI. Truist Financial upped their target price 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 increased their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Lake Street Capital lifted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barrington Research upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, B. Riley lifted their price target 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. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute currently has an average rating of "Buy" and a consensus target price of $26.33.
Read Our Latest Research Report on Universal Technical Institute
Insider Activity
In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, the director now owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade 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. Corporate insiders own 27.60% of the company's stock.
Hedge Funds Weigh In On Universal Technical Institute
A number of large investors have recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock worth $26,000 after purchasing an additional 1,564 shares during the period. RiverPark Advisors LLC acquired a new position in Universal Technical Institute during the second quarter valued at approximately $43,000. Quarry LP grew its stake in Universal Technical Institute by 380.6% during 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 during the period. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 3,815 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Universal Technical Institute in the third quarter worth $152,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Universal Technical Institute Stock Performance
The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.37 billion, a PE ratio of 34.35, a P/E/G ratio of 1.78 and a beta of 1.48. The stock's 50 day moving average price is $20.86 and its 200 day moving average price is $17.99.
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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