Universal Technical Institute (NYSE:UTI) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a report released on Monday morning,Benzinga reports. The brokerage currently has a $36.00 price target on the stock.

Other analysts have also issued reports about the stock. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $35.83.

Universal Technical Institute Price Performance

UTI stock opened at $32.88 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. Universal Technical Institute has a one year low of $15.14 and a one year high of $36.32. The firm has a market capitalization of $1.79 billion, a PE ratio of 28.84, a P/E/G ratio of 2.00 and a beta of 1.65. The firm has a 50-day moving average of $28.55 and a two-hundred day moving average of $30.04.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. On average, analysts forecast that Universal Technical Institute will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Universal Technical Institute by 2,671.7% during the first quarter. GAMMA Investing LLC now owns 8,731 shares of the company’s stock valued at $224,000 after acquiring an additional 8,416 shares in the last quarter. Calamos Advisors LLC bought a new position in Universal Technical Institute during the first quarter valued at approximately $3,085,000. Teacher Retirement System of Texas raised its position in Universal Technical Institute by 100.5% during the first quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company’s stock valued at $939,000 after acquiring an additional 18,320 shares in the last quarter. Hsbc Holdings PLC bought a new position in Universal Technical Institute during the first quarter valued at approximately $256,000. Finally, Northern Trust Corp raised its position in Universal Technical Institute by 12.2% during the first quarter. Northern Trust Corp now owns 419,201 shares of the company’s stock valued at $10,765,000 after acquiring an additional 45,447 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

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.