Universal Technical Institute (NYSE:UTI) Share Price Crosses Above Two Hundred Day Moving Average of $12.73

Universal Technical Institute, Inc. (NYSE:UTI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.73 and traded as high as $14.60. Universal Technical Institute shares last traded at $14.52, with a volume of 270,783 shares changing hands.

Analyst Upgrades and Downgrades

UTI has been the subject of a number of research reports. StockNews.com lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Barrington Research raised their price objective on shares of Universal Technical Institute from $15.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Northland Securities initiated coverage on shares of Universal Technical Institute in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price objective on the stock. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.20.

Universal Technical Institute Stock Down 0.4 %

The stock has a market capitalization of $494.77 million, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The firm’s 50 day simple moving average is $14.94 and its 200-day simple moving average is $12.73. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.11. The firm had revenue of $174.70 million during the quarter, compared to the consensus estimate of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. Equities analysts expect that Universal Technical Institute, Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Loretta Lydia Sanchez sold 8,719 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total transaction of $131,395.33. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $301,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Washington University bought a new position in Universal Technical Institute in the 4th quarter valued at approximately $35,886,000. Tower Research Capital LLC TRC lifted its stake in Universal Technical Institute by 297.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock valued at $77,000 after purchasing an additional 4,629 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Universal Technical Institute by 15.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock valued at $3,573,000 after purchasing an additional 55,608 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Universal Technical Institute by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 74,516 shares of the company’s stock valued at $624,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Universal Technical Institute by 45.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,459 shares of the company’s stock valued at $272,000 after purchasing an additional 10,142 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

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.