Universal Technical Institute (NYSE:UTI) Shares Gap Up Following Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI) gapped up before the market opened on Friday after Barrington Research raised their price target on the stock from $22.00 to $25.00. The stock had previously closed at $23.61, but opened at $24.33. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute shares last traded at $24.36, with a volume of 59,580 shares traded.

A number of other brokerages have also recently commented on UTI. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday. Northland Securities increased their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. B. Riley increased their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $24.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter worth about $675,000. First Eagle Investment Management LLC raised its holdings in Universal Technical Institute by 37.2% in the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock valued at $8,162,000 after buying an additional 140,600 shares during the period. Great Lakes Advisors LLC purchased a new position in Universal Technical Institute in the second quarter valued at approximately $3,103,000. International Assets Investment Management LLC raised its holdings in 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 valued at $66,000 after buying an additional 3,815 shares during the period. Finally, Pier Capital LLC raised its holdings in Universal Technical Institute by 15.7% in the second quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock valued at $5,534,000 after buying an additional 47,819 shares during the period. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Price Performance

The company’s fifty day moving average is $17.37 and its 200 day moving average is $16.68. 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 has a market cap of $1.37 billion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34.

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.