Barrington Research Reiterates Outperform Rating for Universal Technical Institute (NYSE:UTI)

Barrington Research reaffirmed their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $22.00 price objective on the stock.

UTI has been the subject of a number of other reports. Northland Securities boosted their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a report on Wednesday, September 11th. Truist Financial initiated coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective for the company. Finally, B. Riley increased their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $22.20.

Universal Technical Institute Stock Up 0.4 %

Shares of NYSE:UTI traded up $0.07 during trading on Friday, hitting $19.61. The company’s stock had a trading volume of 232,561 shares, compared to its average volume of 304,534. The company has a market capitalization of $1.06 billion, a PE ratio of 39.22, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02. Universal Technical Institute has a fifty-two week low of $9.98 and a fifty-two week high of $20.73. The business has a 50 day moving average price of $16.85 and a two-hundred day moving average price of $16.47.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares in the company, valued at approximately $2,391,845.79. The trade was a 33.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.60% of the company’s stock.

Institutional Trading of Universal Technical Institute

Large investors have recently made changes to their positions in the company. Covestor Ltd increased its position in 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 in the 2nd quarter valued at $43,000. Quarry LP boosted its stake in Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC boosted its stake 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 period. Finally, Morse Asset Management Inc purchased a new position in Universal Technical Institute during the 3rd quarter worth $152,000. 75.67% of the stock is owned by institutional investors and hedge funds.

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.