Shares of Universal Technical Institute, Inc. (NYSE:UTI – Get Free Report) hit a new 52-week high during mid-day trading on Friday after Barrington Research raised their price target on the stock from $25.00 to $30.00. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute traded as high as $27.08 and last traded at $26.73, with a volume of 193077 shares traded. The stock had previously closed at $26.00.
Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities lifted their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Lake Street Capital lifted their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. B. Riley increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial lifted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Northland Securities increased their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and an average target price of $27.17.
Read Our Latest Analysis on UTI
Insider Buying and Selling
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Universal Technical Institute by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock valued at $31,533,000 after purchasing an additional 36,135 shares in the last quarter. Geode Capital Management LLC lifted its stake in Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after purchasing an additional 85,417 shares during the last quarter. FMR LLC boosted its position in Universal Technical Institute by 73,048.1% in the third 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 in the last quarter. State Street Corp grew its stake in shares of Universal Technical Institute by 3.6% during the third quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after buying an additional 29,461 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Universal Technical Institute by 5.4% during the second quarter. American Century Companies Inc. now owns 765,562 shares of the company’s stock worth $12,042,000 after buying an additional 39,553 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.
Universal Technical Institute Stock Up 3.3 %
The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.45 billion, a P/E ratio of 36.14, a PEG ratio of 1.71 and a beta of 1.45. The stock has a 50 day moving average price of $24.65 and a 200 day moving average price of $19.60.
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.
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