Universal Technical Institute (NYSE:UTI) Lowered to Buy at StockNews.com

StockNews.com lowered shares of Universal Technical Institute (NYSE:UTIGet Rating) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

UTI has been the subject of a number of other research reports. B. Riley increased their price objective on shares of Universal Technical Institute from $11.00 to $14.00 in a report on Wednesday, April 20th. Zacks Investment Research downgraded shares of Universal Technical Institute from a strong-buy rating to a hold rating in a report on Thursday, April 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $10.45.

UTI opened at $10.96 on Wednesday. Universal Technical Institute has a twelve month low of $5.34 and a twelve month high of $11.16. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $9.12 and a 200 day moving average price of $8.25. The company has a market cap of $361.35 million, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.23 and a beta of 0.48.

Universal Technical Institute (NYSE:UTIGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.26. Universal Technical Institute had a net margin of 7.78% and a return on equity of 27.11%. The firm had revenue of $105.08 million during the quarter, compared to the consensus estimate of $96.50 million. As a group, sell-side analysts expect that Universal Technical Institute will post 0.56 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of UTI. Morgan Stanley grew its stake in shares of Universal Technical Institute by 1,793.3% in the 2nd quarter. Morgan Stanley now owns 756,440 shares of the company’s stock valued at $4,910,000 after buying an additional 716,486 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Universal Technical Institute by 839.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 520,402 shares of the company’s stock worth $4,070,000 after purchasing an additional 465,034 shares during the period. Invenire Partners LP purchased a new position in shares of Universal Technical Institute during the 4th quarter worth approximately $2,863,000. Essex Investment Management Co. LLC purchased a new position in shares of Universal Technical Institute during the 4th quarter worth approximately $1,720,000. Finally, Norges Bank purchased a new position in shares of Universal Technical Institute during the 4th quarter worth approximately $1,589,000. 70.66% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile (Get Rating)

Universal Technical Institute, Inc provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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