Universal Technical Institute (NYSE:UTI) Hits New 12-Month Low – Should You Sell?

Universal Technical Institute Inc (NYSE:UTI)’s stock price hit a new 52-week low during trading on Monday. The stock traded as low as $19.43 and last traded at $19.8390, with a volume of 374131 shares traded. The stock had previously closed at $20.30.

Wall Street Analysts Forecast Growth

UTI has been the topic of several research reports. B. Riley Financial cut their price target on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Northland Securities set a $35.00 target price on shares of Universal Technical Institute in a research note on Thursday, September 10th. Truist Financial reduced their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 6th. Finally, Texas Capital downgraded Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.83.

Universal Technical Institute Stock Down 6.1%

The firm has a market capitalization of $1.05 billion, a PE ratio of 30.73, a P/E/G ratio of 2.23 and a beta of 1.17. The firm’s 50 day moving average price is $26.95 and its two-hundred day moving average price is $34.98. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. As a group, research analysts forecast that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Universal Technical Institute in the second quarter worth about $323,080,000. Wasatch Advisors LP increased its holdings in Universal Technical Institute by 12.8% during the 1st quarter. Wasatch Advisors LP now owns 1,978,776 shares of the company’s stock worth $71,434,000 after purchasing an additional 223,893 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Universal Technical Institute by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company’s stock worth $46,826,000 after purchasing an additional 9,153 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after purchasing an additional 1,203,985 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Universal Technical Institute by 0.7% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,169,843 shares of the company’s stock valued at $30,568,000 after purchasing an additional 7,566 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.