Universal Technical Institute (NYSE: UTI – Get a rating) had its price target lowered by stock analysts Rosenblatt Securities from $11.00 to $10.00 in a research report released Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 43.06% from the current stock price.
Several other equity research analysts have also recently commented on the UTI. Argus upgraded Universal Technical Institute from a “hold” rating to a “buy” rating and set a price target of $10.00 for the company in a Tuesday, June 28 research note. They noted that the move was a review call. B. Riley raised his price target on Universal Technical Institute from $11.00 to $14.00 in a Wednesday, April 20 research note. StockNews.com moved the Universal Technical Institute from a “buy” rating to a “hold” rating in a Friday, July 22 research report. Finally, Barrington Research raised its price target on Universal Technical Institute from $10.00 to $14.00 and gave the stock a “buy” rating in a Thursday, May 5 research report. One financial analyst gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat.com, Universal Technical Institute has an average rating of “Moderate Buy” and an average target price of $11.80.
Performance of shares of the Universal Technical Institute
Shares of UTI traded down $1.31 during Thursday trading hours, hitting $6.99. The stock had a trading volume of 37,033 shares, compared to an average volume of 214,839. The company has a market capitalization of $230.95 million, a PE ratio of 12.02, a PEG ratio of 0, 88 and a beta of 0.65. Universal Technical Institute has a 12-month low of $6.43 and a 12-month high of $11.45. The stock’s 50-day moving average is $7.95 and its 200-day moving average is $8.43. The company has a debt ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92.
Universal Technical Institute (NYSE: UTI – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $0.12 for the quarter, beating the consensus estimate of ($0.01) by $0.13. Universal Technical Institute had a return on equity of 31.96% and a net margin of 9.58%. The company posted revenue of $102.09 million in the quarter, versus a consensus estimate of $97.20 million. As a group, research analysts expect Universal Technical Institute to post earnings per share of 0.62 for the current fiscal year.
In other news, CEO Jerome Alan Grant sold 20,000 shares of the company in a trade on Tuesday, May 31. The stock was sold at an average price of $9.08, for a total value of $181,600.00. Following completion of the transaction, the CEO now owns 87,152 shares of the company, valued at $791,340.16. The sale was disclosed in an SEC filing, available at this link. Insiders of the company hold 3.50% of the shares of the company.
Universal Technical Institute Institutional Trade
A number of large investors have recently changed their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Universal Technical Institute by 0.7% during the first quarter. Renaissance Technologies LLC now owns 1,537,294 shares of the company valued at $13,605,000 after acquiring 10,993 additional shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Technical Institute by 10.6% in Q1. Dimensional Fund Advisors LP now owns 953,416 shares of the company worth $8,438,000 after purchasing an additional 91,584 shares in the last quarter. Victory Capital Management Inc. increased its stake in Universal Technical Institute by 4.9% in the 1st quarter. Victory Capital Management Inc. now owns 670,369 shares of the company worth $5,933,000 after purchasing an additional 31,276 shares last quarter. Goldman Sachs Group Inc. increased its stake in Universal Technical Institute by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 538,538 shares of the company worth $4,766,000 after buying an additional 18,136 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Universal Technical Institute by 0.7% in the 1st quarter. BlackRock Inc. now owns 507,116 shares of the company worth $4,487,000 after buying 3,325 additional shares in the last quarter. Institutional investors and hedge funds own 70.66% of the company’s shares.
About Universal Technical Institute
Universal Technical Institute, Inc. offers transportation and technical training programs in the United States. The company provides post-secondary education for students who wish to pursue careers as professional automotive, diesel, body repair, motorcycle and marine technicians. It also offers certificate, diploma, or diploma programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.
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