Universal Technical Institute, Inc. (NYSE:UTI) Receives $22.20 Average PT from Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has been given an average recommendation of “Buy” by the five analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.20.

A number of equities analysts recently commented on UTI shares. B. Riley boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Northland Securities increased their price target on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Truist Financial initiated coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 price objective on the stock.

Universal Technical Institute Trading Down 3.9 %

NYSE UTI opened at $19.54 on Tuesday. Universal Technical Institute has a one year low of $9.62 and a one year high of $20.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company’s 50-day simple moving average is $16.78 and its two-hundred day simple moving average is $16.44.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Universal Technical Institute

A number of large investors have recently made changes to their positions in the stock. Covestor Ltd lifted its position in Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after acquiring an additional 1,564 shares during the period. RiverPark Advisors LLC purchased a new stake in Universal Technical Institute in the second quarter valued at approximately $43,000. International Assets Investment Management LLC increased its holdings 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 buying an additional 3,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after buying an additional 9,512 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its stake in Universal Technical Institute by 54.2% during the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after acquiring an additional 3,643 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.