Barrington Research Issues Positive Forecast for Universal Technical Institute (NYSE:UTI) Stock Price

Universal Technical Institute (NYSE:UTI) had its target price upped by Barrington Research from $22.00 to $25.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. B. Riley lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Lake Street Capital raised their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, September 11th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Northland Securities boosted their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Universal Technical Institute Price Performance

NYSE:UTI opened at $23.61 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day moving average of $17.20 and a 200-day moving average of $16.62. Universal Technical Institute has a 52 week low of $10.46 and a 52 week high of $24.44. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 1.45 and a beta of 1.34.

Institutional Trading of Universal Technical Institute

A number of hedge funds and other institutional investors have recently made changes to their positions in UTI. Geode Capital Management LLC grew its holdings in Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after acquiring an additional 85,417 shares during the last quarter. Guardian Wealth Management Inc. lifted its position in shares of Universal Technical Institute by 5,347.0% during the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock worth $1,407,000 after purchasing an additional 84,964 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Universal Technical Institute during the third quarter valued at approximately $174,000. Pier Capital LLC increased its holdings in shares of Universal Technical Institute by 57.3% in the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after purchasing an additional 201,573 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after purchasing an additional 29,461 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

About Universal Technical Institute

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.