Universal Technical Institute (NYSE:UTI) Reaches New 12-Month High – Here’s What Happened

Universal Technical Institute, Inc. (NYSE:UTI)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $27.47 and last traded at $27.30, with a volume of 367718 shares. The stock had previously closed at $26.30.

Analyst Upgrades and Downgrades

UTI has been the subject of a number of research analyst reports. Lake Street Capital lifted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Northland Securities increased their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Barrington Research lifted their price objective on shares of Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Rosenblatt Securities raised their price target on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $27.17.

Universal Technical Institute Stock Performance

The business has a 50 day moving average price of $25.92 and a two-hundred day moving average price of $20.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.49 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45.

Insider Transactions at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 15.10% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors have recently bought and sold shares of the stock. Covestor Ltd grew its position in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares during the period. Quarry LP grew its holdings in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC grew its holdings in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares during the period. Morse Asset Management Inc bought a new position in shares of Universal Technical Institute during the third quarter valued at approximately $152,000. Finally, ProShare Advisors LLC purchased a new position in shares of Universal Technical Institute during the second quarter valued at approximately $167,000. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.