Universal Technical Institute (NYSE:UTI) lifted to buy on StockNews.com

Universal Technical Institute (NYSE: UTI – Get an Assessment) was upgraded by StockNews.com analysts from a “hold” rating to a “buy” rating in a research report released on Monday.

A number of other research analysts have also recently commented on the UTI. Barrington Research raised its price target on Universal Technical Institute from $10.00 to $14.00 and gave the company a “buy” rating in a Thursday, May 5 report. B. Riley raised his price target on Universal Technical Institute from $11.00 to $14.00 in a report on Wednesday, April 20. Four analysts rated the stock with a buy rating. Based on data from MarketBeat, Universal Technical Institute currently has an average rating of “Buy” and a consensus target price of $12.00.

Universal Technical Institute stock traded down $0.68 during Monday’s trading, hitting $7.56. 672,625 shares of the company were traded, against an average volume of 260,455. The company’s 50-day moving average is $8.86 and its two-hundred-day moving average is $8.46. The company has a debt ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. Universal Technical Institute has a 52-week low of $5.34 and a 52-week high of $11.45. The company has a market capitalization of $249.80 million, a price-earnings ratio of 12.81, a PEG ratio of 0.74 and a beta of 0.49.

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Universal Technical Institute (NYSE:UTI – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $0.12 for the quarter, beating analyst consensus estimates of ($0.01) by $0.13. The company posted revenue of $102.09 million in the quarter, compared to $97.20 million expected by analysts. Universal Technical Institute achieved a net margin of 9.58% and a return on equity of 31.96%. Analysts expect Universal Technical Institute to post EPS of 0.62 for the current year.

In other news, CEO Jerome Alan Grant sold 20,000 shares of the company in a trade dated Tuesday, May 31. The shares were sold at an average price of $9.08, for a total value of $181,600.00. Following the sale, the CEO now owns 87,152 shares of the company, valued at approximately $791,340.16. The sale was disclosed in an SEC filing, available on the SEC’s website. Company insiders own 3.50% of the company’s shares.

Several institutional investors have recently changed their UTI portfolio. Geode Capital Management LLC increased its stake in shares of Universal Technical Institute by 1.1% in the third quarter. Geode Capital Management LLC now owns 257,437 shares of the company valued at $1,740,000 after purchasing an additional 2,877 shares last quarter. Marshall Wace LLP acquired a new stake in shares of Universal Technical Institute in Q3 worth approximately $337,000. Two Sigma Advisers LP increased its stake in shares of Universal Technical Institute by 47.6% in Q3. Two Sigma Advisers LP now owns 95,800 shares of the company valued at $648,000 after purchasing an additional 30,900 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Universal Technical Institute stock in Q3 worth approximately $26,000. Finally, Koshinski Asset Management Inc. increased its stake in shares of Universal Technical Institute by 108.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 8,703 shares of the company valued at $68,000 after purchasing an additional 4,533 shares last quarter. Institutional investors and hedge funds hold 70.66% of the company’s shares.

About Universal Technical Institute (Get an assessment)

Universal Technical Institute, Inc. offers transportation and technical training programs in the United States. The company provides post-secondary education for students who wish to pursue careers as professional automotive, diesel, body repair, motorcycle and marine technicians. It also offers certificate, diploma, or diploma programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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