Universal Technical Institute (NYSE:UTI) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a strong-buy rating in a report published on Friday morning.

Several other research firms also recently commented on UTI. Barrington Research upped their price target on shares of Universal Technical Institute from $10.00 to $15.00 and gave the company an outperform rating in a research note on Thursday, November 16th. Lake Street Capital increased their target price on shares of Universal Technical Institute from $10.00 to $11.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. B. Riley lifted their price target on shares of Universal Technical Institute from $10.00 to $14.00 and gave the company a buy rating in a research report on Thursday, November 16th. Finally, Rosenblatt Securities reaffirmed a buy rating and issued a $11.00 price objective on shares of Universal Technical Institute in a report on Monday, November 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $12.75.

Universal Technical Institute Price Performance

NYSE:UTI opened at $11.22 on Friday. The company has a market cap of $382.27 million, a P/E ratio of 102.01, a P/E/G ratio of 1.36 and a beta of 0.90. The firm’s fifty day moving average price is $8.81 and its two-hundred day moving average price is $7.70. Universal Technical Institute has a one year low of $5.57 and a one year high of $11.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.09.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 7,599 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $8.52, for a total value of $64,743.48. Following the completion of the transaction, the director now owns 21,930 shares of the company’s stock, valued at approximately $186,843.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently bought and sold shares of UTI. Weil Company Inc. increased its holdings in shares of Universal Technical Institute by 9.7% during the second quarter. Weil Company Inc. now owns 84,768 shares of the company’s stock valued at $586,000 after acquiring an additional 7,500 shares in the last quarter. Pembroke Management LTD increased its stake in Universal Technical Institute by 116.5% during the 1st quarter. Pembroke Management LTD now owns 60,548 shares of the company’s stock valued at $447,000 after purchasing an additional 32,576 shares in the last quarter. EA Series Trust bought a new position in shares of Universal Technical Institute in the second quarter valued at $1,008,000. Strs Ohio grew its holdings in shares of Universal Technical Institute by 8.7% during the second quarter. Strs Ohio now owns 21,300 shares of the company’s stock valued at $147,000 after buying an additional 1,700 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Universal Technical Institute by 15.0% during the third quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock worth $3,573,000 after acquiring an additional 55,608 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

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.