Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.
Several other research firms also recently issued reports on UTI. Rosenblatt Securities restated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 7th. Barrington Research restated an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Monday, September 29th. Zacks Research cut Universal Technical Institute from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.83.
Get Our Latest Research Report on Universal Technical Institute
Universal Technical Institute Stock Performance
Shares of NYSE UTI traded up $0.57 during trading hours on Friday, hitting $34.52. 391,854 shares of the company's stock were exchanged, compared to its average volume of 754,981. Universal Technical Institute has a 1-year low of $16.25 and a 1-year high of $36.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 2.28 and a beta of 1.58. The company's 50-day moving average price is $29.10 and its 200-day moving average price is $30.61.
Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The firm had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. On average, sell-side analysts expect that Universal Technical Institute will post 1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Universal Technical Institute
A number of hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Universal Technical Institute in the 3rd quarter valued at $92,000. SG Americas Securities LLC boosted its stake in shares of Universal Technical Institute by 208.7% in the 3rd quarter. SG Americas Securities LLC now owns 15,282 shares of the company's stock valued at $497,000 after purchasing an additional 10,331 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Universal Technical Institute in the 3rd quarter worth about $787,000. Fortitude Family Office LLC increased its position in shares of Universal Technical Institute by 48,225.3% during the 3rd quarter. Fortitude Family Office LLC now owns 141,110 shares of the company's stock worth $4,593,000 after purchasing an additional 140,818 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its holdings in Universal Technical Institute by 15.5% during the 3rd quarter. Greenwood Capital Associates LLC now owns 19,116 shares of the company's stock valued at $622,000 after purchasing an additional 2,571 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.
About Universal Technical Institute
(
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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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