Universal Technical Institute’s (UTI) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $18.00 price objective on the stock.

UTI has been the subject of several other research reports. Rosenblatt Securities boosted their target price on Universal Technical Institute from $14.00 to $17.00 and gave the company a buy rating in a research report on Thursday, January 25th. StockNews.com lowered Universal Technical Institute from a buy rating to a hold rating in a report on Wednesday, March 27th. TheStreet upgraded Universal Technical Institute from a c+ rating to a b rating in a report on Thursday, February 1st. Finally, Northland Securities assumed coverage on Universal Technical Institute in a report on Wednesday, January 10th. They issued an outperform rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of Moderate Buy and a consensus target price of $15.20.

Universal Technical Institute Stock Up 2.1 %

Shares of NYSE:UTI opened at $15.20 on Tuesday. Universal Technical Institute has a 1 year low of $5.63 and a 1 year high of $16.37. The business has a 50 day simple moving average of $14.90 and a two-hundred day simple moving average of $12.84. The firm has a market capitalization of $518.02 million, a PE ratio of 58.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 1.09.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. The business had revenue of $174.70 million during the quarter, compared to analyst estimates of $168.19 million. On average, equities analysts predict that Universal Technical Institute will post 0.7 EPS for the current year.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total value of $131,395.33. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $301,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 27.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Universal Technical Institute

A number of large investors have recently bought and sold shares of UTI. SG Americas Securities LLC bought a new position in Universal Technical Institute in the third quarter worth approximately $104,000. Victory Capital Management Inc. raised its stake in Universal Technical Institute by 1.6% in the third quarter. Victory Capital Management Inc. now owns 277,720 shares of the company’s stock worth $2,327,000 after buying an additional 4,503 shares in the last quarter. Premier Fund Managers Ltd bought a new position in Universal Technical Institute in the third quarter worth approximately $246,000. First Eagle Investment Management LLC raised its stake in Universal Technical Institute by 15.0% in the third quarter. First Eagle Investment Management LLC now owns 426,391 shares of the company’s stock worth $3,573,000 after buying an additional 55,608 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in Universal Technical Institute by 6.6% in the third quarter. Pacific Ridge Capital Partners LLC now owns 627,893 shares of the company’s stock worth $5,262,000 after buying an additional 38,630 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.