Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Northland Securities Analyst Says

Universal Technical Institute (NYSE:UTI) had its price objective lifted by Northland Securities from $20.00 to $24.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also recently issued reports on UTI. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Friday, November 15th. B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, Truist Financial began coverage on Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $24.00.

Universal Technical Institute Stock Up 3.1 %

NYSE UTI traded up $0.73 during mid-day trading on Thursday, reaching $24.34. 222,931 shares of the company’s stock traded hands, compared to its average volume of 522,308. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a 1-year low of $10.46 and a 1-year high of $24.57. The company has a fifty day simple moving average of $17.20 and a 200-day simple moving average of $16.62. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 47.22, a P/E/G ratio of 1.45 and a beta of 1.34.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds and other institutional investors have recently bought and sold shares of UTI. Covestor Ltd lifted its holdings in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in Universal Technical Institute in the second quarter worth $43,000. Quarry LP lifted its stake in Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after buying an additional 3,056 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after acquiring an additional 9,512 shares during 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.