Universal Technical Institute (NYSE:UTI) Given New $25.00 Price Target at B. Riley

Universal Technical Institute (NYSE:UTI) had its price target increased by B. Riley from $22.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on UTI. Northland Securities upped their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. 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. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Truist Financial began coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $22.20.

Universal Technical Institute Price Performance

Shares of UTI stock opened at $20.30 on Thursday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 1.48 and a beta of 1.34. The business’s fifty day moving average is $16.52 and its 200 day moving average is $16.30. Universal Technical Institute has a twelve month low of $9.18 and a twelve month high of $20.32. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56.

Insider Transactions at Universal Technical Institute

In related news, CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at $2,391,845.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 27.60% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently modified their holdings of UTI. Covestor Ltd boosted its position in shares of Universal Technical Institute by 6,256.0% during 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. RiverPark Advisors LLC purchased a new stake in shares of Universal Technical Institute during the second quarter valued at $43,000. International Assets Investment Management LLC lifted 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 valued at $66,000 after acquiring an additional 3,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after acquiring an additional 9,512 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in Universal Technical Institute by 54.2% in the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after acquiring an additional 3,643 shares during the period. 75.67% of the stock is owned by hedge funds and other 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.