Universal Technical Institute’s (UTI) Outperform Rating Reaffirmed at Northland Securities

Universal Technical Institute (NYSE:UTI)‘s stock had its “outperform” rating reiterated by stock analysts at Northland Securities in a report issued on Friday, Benzinga reports. They currently have a $18.00 target price on the stock. Northland Securities’ price target would suggest a potential upside of 8.56% from the stock’s current price.

A number of other brokerages have also recently commented on UTI. B. Riley reissued a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Barrington Research reissued an “outperform” rating and issued a $20.00 price target on shares of Universal Technical Institute in a research report on Tuesday, May 28th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Universal Technical Institute in a research note on Monday, April 29th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.80.

Universal Technical Institute Trading Up 1.5 %

Universal Technical Institute stock traded up $0.24 during mid-day trading on Friday, hitting $16.58. 322,032 shares of the stock were exchanged, compared to its average volume of 611,257. The firm’s fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $14.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. Universal Technical Institute has a 12 month low of $6.70 and a 12 month high of $17.09. The stock has a market capitalization of $892.02 million, a price-to-earnings ratio of 46.00, a PEG ratio of 1.49 and a beta of 1.26.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $184.18 million for the quarter, compared to analyst estimates of $177.01 million. Universal Technical Institute had a return on equity of 10.55% and a net margin of 2.97%. Analysts forecast that Universal Technical Institute will post 0.71 EPS for the current year.

Insider Activity

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 6,288 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $15.22, for a total value of $95,703.36. Following the completion of the transaction, the director now owns 13,712 shares of the company’s stock, valued at approximately $208,696.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Universal Technical Institute by 1,152.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after acquiring an additional 2,880 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Universal Technical Institute by 297.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock valued at $77,000 after purchasing an additional 4,629 shares during the last quarter. AJOVista LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter valued at approximately $78,000. Bfsg LLC bought a new position in shares of Universal Technical Institute in the fourth quarter worth approximately $102,000. Finally, EntryPoint Capital LLC increased its stake in shares of Universal Technical Institute by 54.2% in the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after buying an additional 3,643 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

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.