Universal Technical Institute (NYSE:UTI) Sets New 12-Month High After Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI) reached a new 52-week high during mid-day trading on Wednesday after Rosenblatt Securities raised their price target on the stock from $22.00 to $30.00. Rosenblatt Securities currently has a buy rating on the stock. Universal Technical Institute traded as high as $26.43 and last traded at $26.01, with a volume of 8401 shares. The stock had previously closed at $25.95.

Several other equities research analysts have also commented on the stock. Lake Street Capital upped their price target 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. Northland Securities upped their target price on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. B. Riley upped their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barrington Research upped their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $25.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Universal Technical Institute in the second quarter worth about $675,000. First Eagle Investment Management LLC lifted its stake in Universal Technical Institute by 37.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after purchasing an additional 140,600 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in Universal Technical Institute during the second quarter worth approximately $3,103,000. International Assets Investment Management LLC lifted its position in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares in the last quarter. Finally, Pier Capital LLC lifted its position in Universal Technical Institute by 15.7% during the second quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock worth $5,534,000 after buying an additional 47,819 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $17.74 and a 200 day moving average of $16.83. The stock has a market cap of $1.40 billion, a PE ratio of 34.59, a P/E/G ratio of 1.79 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.