Universal Technical Institute (NYSE:UTI) Reaches New 12-Month High – What’s Next?

Universal Technical Institute, Inc. (NYSE:UTI) shares reached a new 52-week high on Tuesday . The stock traded as high as $26.71 and last traded at $26.28, with a volume of 18214 shares traded. The stock had previously closed at $26.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. B. Riley lifted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Northland Securities boosted their target price on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Barrington Research boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Lake Street Capital increased their target price on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Truist Financial raised their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $25.33.

Universal Technical Institute Price Performance

The stock’s fifty day moving average price is $20.86 and its 200-day moving average price is $17.99. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 1.78 and a beta of 1.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the sale, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in shares of Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares during the period. RiverPark Advisors LLC purchased a new stake in Universal Technical Institute during the second quarter worth approximately $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 grew its position in Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new stake in Universal Technical Institute during the 3rd quarter valued at approximately $152,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.