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

Universal Technical Institute (NYSE:UTI) had its price target increased by Rosenblatt Securities from $22.00 to $30.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on UTI. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Truist Financial increased 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 note on Thursday, November 21st. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Northland Securities increased their target price on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, B. Riley boosted their price target 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. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $25.33.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $25.87 on Tuesday. The stock has a fifty day moving average price of $18.11 and a 200 day moving average price of $16.96. Universal Technical Institute has a 52 week low of $10.46 and a 52 week high of $26.43. The firm has a market capitalization of $1.39 billion, a P/E ratio of 34.96, a PEG ratio of 1.80 and a beta of 1.34. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In related news, Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 27.60% of the stock is owned by corporate insiders.

Institutional Trading of Universal Technical Institute

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Universal Technical Institute during the third quarter worth $794,000. Geode Capital Management LLC lifted its holdings in Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after buying an additional 85,417 shares in the last quarter. Guardian Wealth Management Inc. lifted its holdings in Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock worth $1,407,000 after buying an additional 84,964 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Universal Technical Institute in the 3rd quarter valued at about $174,000. Finally, Pier Capital LLC grew its stake in shares of Universal Technical Institute by 57.3% during the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after acquiring an additional 201,573 shares in the last quarter. Institutional investors and hedge funds 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.