ValuEngine cut shares of Universal Technical Institute (NYSE:UTI) from a sell rating to a strong sell rating in a research note released on Friday morning.

Several other research analysts have also recently issued reports on the stock. Piper Jaffray Companies reissued a hold rating and set a $6.00 target price on shares of Universal Technical Institute in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Universal Technical Institute from a hold rating to a sell rating in a report on Tuesday, October 3rd.

Universal Technical Institute (NYSE UTI) traded up $0.03 during midday trading on Friday, hitting $2.90. 108,400 shares of the company’s stock were exchanged, compared to its average volume of 46,286. Universal Technical Institute has a fifty-two week low of $2.59 and a fifty-two week high of $5.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.70 and a quick ratio of 1.92.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.11). Universal Technical Institute had a negative return on equity of 5.65% and a negative net margin of 2.51%. The business had revenue of $81.33 million for the quarter. equities analysts anticipate that Universal Technical Institute will post -0.05 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Universal Technical Institute by 5.6% during the first quarter. Renaissance Technologies LLC now owns 1,152,600 shares of the company’s stock worth $3,976,000 after purchasing an additional 61,600 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Universal Technical Institute by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock valued at $2,923,000 after buying an additional 28,802 shares during the period. Alyeska Investment Group L.P. grew its position in Universal Technical Institute by 52.5% during the third quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock valued at $1,998,000 after buying an additional 198,298 shares during the period. Vanguard Group Inc. grew its position in Universal Technical Institute by 1.0% during the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after buying an additional 3,800 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Universal Technical Institute by 6.2% during the second quarter. Gamco Investors INC. ET AL now owns 293,000 shares of the company’s stock valued at $1,046,000 after buying an additional 17,000 shares during the period. 57.73% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Universal Technical Institute (UTI) Downgraded by ValuEngine to “Strong Sell”” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/12/05/universal-technical-institute-uti-downgraded-by-valuengine-to-strong-sell.html.

About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for Universal Technical Institute Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute Inc and related stocks with our FREE daily email newsletter.