Universal Technical Institute (NYSE:UTI) Stock Price Down 3.2%

Universal Technical Institute, Inc. (NYSE:UTI)’s share price fell 3.2% on Monday . The stock traded as low as $16.90 and last traded at $16.90. 77,412 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 599,557 shares. The stock had previously closed at $17.45.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Northland Securities lifted their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and set a $22.00 target price on shares of Universal Technical Institute in a report on Wednesday, August 7th. Truist Financial started coverage on Universal Technical Institute in a research note on Thursday, July 25th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.60.

Universal Technical Institute Stock Performance

The stock has a market cap of $937.91 million, a price-to-earnings ratio of 48.42, a PEG ratio of 1.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average of $16.64 and a 200 day moving average of $15.64.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. The business had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. As a group, sell-side analysts forecast that Universal Technical Institute, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Universal Technical Institute news, Director Loretta Lydia Sanchez sold 6,288 shares of Universal Technical Institute stock in a transaction on Friday, May 24th. The stock was sold at an average price of $15.22, for a total value of $95,703.36. Following the sale, the director now owns 13,712 shares in the company, valued at $208,696.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of Universal Technical Institute by 1,152.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after buying an additional 2,880 shares during the period. RiverPark Advisors LLC purchased a new position in shares of Universal Technical Institute in the second quarter valued at approximately $43,000. AJOVista LLC purchased a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $78,000. Bfsg LLC acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $102,000. Finally, New York State Common Retirement Fund lifted its holdings in Universal Technical Institute by 28.0% during the 4th quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock worth $131,000 after buying an additional 2,296 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

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.