Universal Technical Institute (NYSE:UTI) Receives Outperform Rating from Barrington Research

Universal Technical Institute (NYSE:UTI)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a report released on Friday,Benzinga reports. They presently have a $22.00 price target on the stock. Barrington Research’s price objective indicates a potential upside of 12.19% from the company’s previous close.

A number of other analysts have also weighed in on the company. B. Riley increased their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial started coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, September 11th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Northland Securities lifted their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $22.20.

Universal Technical Institute Trading Up 0.4 %

Shares of UTI traded up $0.07 during trading hours on Friday, hitting $19.61. The company had a trading volume of 232,541 shares, compared to its average volume of 520,339. Universal Technical Institute has a 52-week low of $9.98 and a 52-week high of $20.73. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $16.78 and its 200 day moving average price is $16.44. The firm has a market cap of $1.06 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.48 and a beta of 1.34.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 136,443 shares in the company, valued at approximately $2,391,845.79. This represents a 33.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

A number of institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd boosted its holdings 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 worth $26,000 after buying an additional 1,564 shares during the last quarter. RiverPark Advisors LLC purchased a new position in Universal Technical Institute in the 2nd quarter worth approximately $43,000. Quarry LP lifted its holdings 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 in the last quarter. International Assets Investment Management LLC boosted its stake in Universal Technical Institute by 1,526.0% in the 3rd 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 period. Finally, Morse Asset Management Inc purchased a new stake in Universal Technical Institute during the 3rd quarter valued at approximately $152,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

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.