StockNews.com upgraded shares of Universal Technical Institute (NYSE:UTI – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
Other analysts also recently issued reports about the company. Rosenblatt Securities cut their price objective on Universal Technical Institute from $10.00 to $9.00 and set a buy rating for the company in a research report on Tuesday, December 13th. Barrington Research cut their price objective on Universal Technical Institute from $14.00 to $10.00 and set an outperform rating for the company in a research report on Tuesday, December 13th. TheStreet raised Universal Technical Institute from a c+ rating to a b- rating in a research report on Wednesday, December 7th. Finally, Lake Street Capital lowered their target price on Universal Technical Institute from $12.00 to $10.00 and set a buy rating for the company in a report on Tuesday, December 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of $10.60.
Get Universal Technical Institute alerts:Universal Technical Institute Stock Up 1.8 %
Shares of UTI opened at $6.71 on Friday. Universal Technical Institute has a 52-week low of $5.27 and a 52-week high of $11.45. The company has a market capitalization of $226.63 million, a PE ratio of 17.66, a price-to-earnings-growth ratio of 3.09 and a beta of 0.89. The stock has a fifty day simple moving average of $6.87 and a two-hundred day simple moving average of $6.82. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.45.
Universal Technical Institute (NYSE:UTI – Get Rating) last issued its quarterly earnings data on Monday, December 12th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Universal Technical Institute had a return on equity of 22.15% and a net margin of 6.17%. As a group, equities analysts forecast that Universal Technical Institute will post 0.15 EPS for the current year.Insider Activity at Universal Technical Institute
In other news, Director Coliseum Capital Management, L bought 70,919 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $439,697.80. Following the acquisition, the director now directly owns 70,919 shares of the company's stock, valued at approximately $439,697.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 296,531 shares of company stock worth $1,880,926 in the last three months. 3.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Universal Technical Institute
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in shares of Universal Technical Institute in the 2nd quarter valued at about $44,000. Lazard Asset Management LLC purchased a new position in shares of Universal Technical Institute in the 1st quarter valued at about $47,000. Kennedy Capital Management Inc. purchased a new position in shares of Universal Technical Institute in the 2nd quarter valued at about $72,000. BNP Paribas Arbitrage SA boosted its stake in shares of Universal Technical Institute by 4,212.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,437 shares of the company's stock valued at $74,000 after buying an additional 10,195 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Universal Technical Institute in the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 76.70% of the company's stock.
About Universal Technical Institute
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Universal Technical Institute, Inc provides transportation and technical training programs in the United States. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.
Further Reading
- Get a free copy of the StockNews.com research report on Universal Technical Institute (UTI)
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