Universal Technical Institute (NYSE:UTI) Reaches New 52-Week High on Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI) reached a new 52-week high on Wednesday after Rosenblatt Securities raised their price target on the stock from $22.00 to $30.00. Rosenblatt Securities currently has a buy rating on the stock. Universal Technical Institute traded as high as $26.43 and last traded at $26.01, with a volume of 8401 shares traded. The stock had previously closed at $25.95.

Several other equities research analysts have also issued reports on the company. Northland Securities lifted their price target on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Barrington Research raised their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Lake Street Capital upped 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. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Truist Financial boosted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $25.33.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after acquiring an additional 1,564 shares in the last quarter. RiverPark Advisors LLC acquired a new position in shares of Universal Technical Institute in the second quarter valued at $43,000. Quarry LP lifted its position in Universal Technical Institute by 380.6% in the third 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 third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in Universal Technical Institute in the 3rd quarter valued at $152,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Down 0.4 %

The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average price is $17.56 and its 200 day moving average price is $16.75. The company has a market capitalization of $1.39 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.79 and a beta of 1.34.

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.