Universal Technical Institute, Inc. (NYSE:UTI) Given Average Rating of “Buy” by Analysts

Universal Technical Institute, Inc. (NYSE:UTI) has received a consensus rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $22.20.

A number of equities analysts recently issued reports on the stock. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, August 7th. Northland Securities raised their target price on shares of Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th.

Insider Buying and Selling at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the transaction, the chief executive officer now owns 136,443 shares in the company, valued at $2,391,845.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 27.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its position in shares of Universal Technical Institute by 6,256.0% during the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the period. RiverPark Advisors LLC bought a new position in shares of Universal Technical Institute in the second quarter worth about $43,000. International Assets Investment Management LLC grew its position in shares of Universal Technical Institute by 1,526.0% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after purchasing an additional 9,512 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after purchasing an additional 3,643 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

UTI opened at $20.62 on Tuesday. The stock has a market capitalization of $1.11 billion, a PE ratio of 41.24, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. The stock’s 50 day moving average price is $16.58 and its 200-day moving average price is $16.35. Universal Technical Institute has a 52-week low of $9.36 and a 52-week high of $20.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02.

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.