Universal Technical Institute (NYSE:UTI) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a strong-buy rating in a research report report published on Friday morning.

Several other analysts also recently issued reports on the stock. Rosenblatt Securities reissued a buy rating and issued a $11.00 price objective on shares of Universal Technical Institute in a research note on Monday, November 13th. Lake Street Capital upped their price objective on Universal Technical Institute from $10.00 to $11.00 and gave the company a buy rating in a research report on Wednesday, August 9th. B. Riley lifted their target price on Universal Technical Institute from $10.00 to $14.00 and gave the stock a buy rating in a research report on Thursday, November 16th. Finally, Barrington Research upped their price target on shares of Universal Technical Institute from $10.00 to $15.00 and gave the stock an outperform rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Buy and an average target price of $12.75.

Universal Technical Institute Stock Down 2.0 %

NYSE UTI opened at $11.22 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. Universal Technical Institute has a 52 week low of $5.57 and a 52 week high of $11.83. The firm has a market capitalization of $382.27 million, a price-to-earnings ratio of 102.01, a PEG ratio of 1.36 and a beta of 0.90. The company has a fifty day moving average of $8.81 and a two-hundred day moving average of $7.70.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 7,599 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $8.52, for a total transaction of $64,743.48. Following the sale, the director now owns 21,930 shares of the company’s stock, valued at approximately $186,843.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Trading of Universal Technical Institute

Institutional investors have recently modified their holdings of the company. Boston Partners acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at $2,760,000. Coliseum Capital Management LLC raised its stake in shares of Universal Technical Institute by 49.5% in the second quarter. Coliseum Capital Management LLC now owns 928,961 shares of the company’s stock worth $6,419,000 after purchasing an additional 307,650 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Universal Technical Institute by 13.3% during the third quarter. BlackRock Inc. now owns 2,038,082 shares of the company’s stock worth $11,086,000 after purchasing an additional 238,614 shares during the period. State Street Corp boosted its position in Universal Technical Institute by 209.1% in the second quarter. State Street Corp now owns 351,032 shares of the company’s stock valued at $2,503,000 after buying an additional 237,478 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Universal Technical Institute by 19.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,362,191 shares of the company’s stock worth $7,411,000 after buying an additional 222,349 shares during the period. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation and technical training programs in the United States. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.