Analysts’ Recent Ratings Updates for Universal Technical Institute (UTI)

Universal Technical Institute (NYSE: UTI) has recently received a number of price target changes and ratings updates:

• 11/21/2024 – Universal Technical Institute had its price target raised by analysts at Barrington Research from $22.00 to $25.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Universal Technical Institute had its price target raised by analysts at Northland Securities from $20.00 to $24.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Universal Technical Institute had its price target raised by analysts at Truist Financial Co. from $22.00 to $26.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Universal Technical Institute had its price target raised by analysts at Lake Street Capital from $19.00 to $22.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Universal Technical Institute had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $22.00 price target on the stock.
• 11/7/2024 – Universal Technical Institute had its price target raised by analysts at B. Riley from $22.00 to $25.00. They now have a “buy” rating on the stock.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded down $0.13 during mid-day trading on Monday, hitting $25.25. 344,549 shares of the company were exchanged, compared to its average volume of 526,924. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.10. The stock has a 50 day simple moving average of $17.37 and a 200-day simple moving average of $16.68. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its position in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. Pullen Investment Management LLC lifted its stake in shares of Universal Technical Institute by 2.9% during the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after purchasing an additional 1,600 shares in the last quarter. ClariVest Asset Management LLC grew its position in Universal Technical Institute by 2.7% in the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after acquiring an additional 2,083 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 27.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after buying an additional 2,596 shares during the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.