Universal Technical Institute, Inc. (NYSE:UTI) Receives Consensus Rating of “Buy” from Brokerages

Universal Technical Institute, Inc. (NYSE:UTI) has received an average rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $10.25.

A number of analysts recently weighed in on UTI shares. Colliers Securities reaffirmed a “buy” rating and set a $11.00 target price on shares of Universal Technical Institute in a report on Thursday, November 18th. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a research note on Wednesday, September 22nd. Zacks Investment Research cut shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research note on Tuesday, November 23rd. Finally, Barrington Research upped their price objective on shares of Universal Technical Institute from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th.

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in shares of Universal Technical Institute by 0.5% in the second quarter. Renaissance Technologies LLC now owns 1,632,938 shares of the company’s stock worth $10,598,000 after buying an additional 8,920 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Universal Technical Institute by 81.4% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,424,066 shares of the company’s stock valued at $9,242,000 after purchasing an additional 638,896 shares in the last quarter. AWM Investment Company Inc. lifted its holdings in Universal Technical Institute by 402.1% during the second quarter. AWM Investment Company Inc. now owns 1,294,575 shares of the company’s stock valued at $8,402,000 after purchasing an additional 1,036,721 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Universal Technical Institute by 14.1% during the second quarter. Alyeska Investment Group L.P. now owns 1,285,135 shares of the company’s stock valued at $8,341,000 after buying an additional 158,954 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Universal Technical Institute by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 899,148 shares of the company’s stock valued at $5,835,000 after buying an additional 54,113 shares during the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.

Universal Technical Institute stock traded down $0.15 during midday trading on Friday, hitting $7.21. 27,867 shares of the stock were exchanged, compared to its average volume of 58,275. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $236.73 million, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. Universal Technical Institute has a 52-week low of $5.34 and a 52-week high of $9.13. The business’s 50-day moving average price is $7.83 and its 200-day moving average price is $7.02.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, November 17th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.06. Universal Technical Institute had a net margin of 4.35% and a return on equity of 15.73%. The firm had revenue of $97.48 million for the quarter, compared to analysts’ expectations of $95.75 million. During the same period in the previous year, the company earned $0.09 earnings per share. On average, sell-side analysts predict that Universal Technical Institute will post 0.43 earnings per share for the current fiscal year.

About Universal Technical Institute

Universal Technical Institute, Inc engages in the provision of postsecondary education. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as welders and CNC machining technicians.

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