Universal Technical Institute (NYSE:UTI) Reaches New 12-Month High at $18.56

Universal Technical Institute, Inc. (NYSE:UTI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $18.56 and last traded at $18.31, with a volume of 45632 shares traded. The stock had previously closed at $18.25.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Universal Technical Institute in a research note on Monday, April 29th. Barrington Research reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Universal Technical Institute in a research note on Tuesday, May 28th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Northland Securities reissued an “outperform” rating and set a $18.00 price target on shares of Universal Technical Institute in a research note on Friday, July 12th. Finally, B. Riley reissued a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a research note on Thursday, May 30th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute currently has a consensus rating of “Buy” and an average target price of $17.80.

Universal Technical Institute Stock Up 3.3 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $1.01 billion, a P/E ratio of 50.70, a P/E/G ratio of 1.71 and a beta of 1.26. The stock has a fifty day moving average price of $15.44 and a two-hundred day moving average price of $14.99.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Universal Technical Institute had a net margin of 2.97% and a return on equity of 10.55%. The firm had revenue of $184.18 million during the quarter, compared to the consensus estimate of $177.01 million. Research analysts forecast that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Insider Activity

In related news, Director Loretta Lydia Sanchez sold 6,288 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $15.22, for a total transaction of $95,703.36. Following the completion of the transaction, the director now directly owns 13,712 shares in the company, valued at approximately $208,696.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 27.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UTI. International Assets Investment Management LLC lifted its holdings in shares of Universal Technical Institute by 1,152.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after purchasing an additional 2,880 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Universal Technical Institute by 297.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock valued at $77,000 after purchasing an additional 4,629 shares during the last quarter. AJOVista LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter valued at $78,000. Bfsg LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter valued at $102,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Universal Technical Institute by 28.0% during the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after purchasing an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

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.