Universal Technical Institute (NYSE:UTI) Sets New 52-Week High – What’s Next?

Universal Technical Institute, Inc. (NYSE:UTI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $26.65 and last traded at $26.23, with a volume of 52265 shares traded. The stock had previously closed at $26.12.

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial boosted 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. Northland Securities boosted their price objective on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Barrington Research boosted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Lake Street Capital boosted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Buy” and an average target price of $25.33.

Universal Technical Institute Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $19.60 and its 200-day simple moving average is $17.58. The company has a market capitalization of $1.43 billion, a P/E ratio of 35.28, a PEG ratio of 1.77 and a beta of 1.48.

Insider Transactions at Universal Technical Institute

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 owns 128,205 shares of the company’s stock, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after buying an additional 878,038 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $9,032,000. Pembroke Management LTD increased its stake in shares of Universal Technical Institute by 646.3% during the 2nd quarter. Pembroke Management LTD now owns 369,308 shares of the company’s stock worth $5,809,000 after purchasing an additional 319,820 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Universal Technical Institute by 198.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after purchasing an additional 229,738 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth about $3,534,000. 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.