Universal Technical Institute Inc (NYSE:UTI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.25 and traded as high as $31.94. Universal Technical Institute shares last traded at $31.75, with a volume of 321,937 shares changing hands.
Analyst Ratings Changes
Several equities analysts have recently weighed in on UTI shares. Truist Financial upped their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Barrington Research restated an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, June 12th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, May 8th. Lake Street Capital restated a "buy" rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Finally, B. Riley began coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They issued a "buy" rating and a $31.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $35.83.
View Our Latest Report on Universal Technical Institute
Universal Technical Institute Stock Performance
The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $1.78 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 2.01 and a beta of 1.58. The company's 50 day simple moving average is $33.62 and its 200 day simple moving average is $29.37.
Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The firm had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. Analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current year.
Insider Activity at Universal Technical Institute
In other news, Director George W. Brochick sold 6,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director owned 32,516 shares in the company, valued at approximately $1,035,309.44. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Todd A. Hitchcock sold 27,500 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the sale, the chief operating officer owned 80,521 shares in the company, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.10% of the company's stock.
Institutional Trading of Universal Technical Institute
Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd raised its position in shares of Universal Technical Institute by 24.4% during the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after buying an additional 388 shares in the last quarter. CWM LLC raised its position in Universal Technical Institute by 105.0% in the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after purchasing an additional 1,110 shares during the period. NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the 1st quarter worth $57,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Universal Technical Institute in the 1st quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Universal Technical Institute in the 1st quarter worth $68,000. Hedge funds and other institutional investors own 75.67% of the company's stock.
About Universal Technical Institute
(
Get Free Report)
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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