Universal Technical Institute (NYSE:UTI) Hits New 52-Week High on Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI) reached a new 52-week high on Friday after Barrington Research raised their price target on the stock from $25.00 to $30.00. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute traded as high as $27.08 and last traded at $26.73, with a volume of 193077 shares changing hands. The stock had previously closed at $26.00.

Several other analysts have also recently commented 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 report on Thursday, November 21st. B. Riley upped 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. Lake Street Capital lifted their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Rosenblatt Securities upped their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Northland Securities increased their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute presently has a consensus rating of “Buy” and a consensus target price of $27.17.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction 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 represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after acquiring an additional 2,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Universal Technical Institute by 27.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after acquiring an additional 2,596 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Universal Technical Institute by 13.5% in the 3rd quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock worth $416,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Price Performance

The company has a market capitalization of $1.44 billion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. The business’s 50-day moving average is $24.77 and its two-hundred day moving average is $19.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47.

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.