Northland Securities Forecasts Strong Price Appreciation for Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute (NYSE:UTI) had its price target boosted by Northland Securities from $20.00 to $24.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. B. Riley boosted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Truist Financial assumed coverage on shares of Universal Technical Institute in a report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Finally, Barrington Research reissued an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute has a consensus rating of “Buy” and a consensus price target of $24.00.

Universal Technical Institute Trading Up 7.5 %

NYSE UTI opened at $25.38 on Thursday. The firm’s 50-day moving average is $17.37 and its two-hundred day moving average is $16.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02. Universal Technical Institute has a 12 month low of $10.46 and a 12 month high of $25.60. The stock has a market capitalization of $1.37 billion, a P/E ratio of 34.30, a PEG ratio of 1.76 and a beta of 1.34.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently made changes to their positions in UTI. Harbor Capital Advisors Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter worth approximately $675,000. First Eagle Investment Management LLC increased its position in Universal Technical Institute by 37.2% during the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after buying an additional 140,600 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Universal Technical Institute in the second quarter worth $3,103,000. International Assets Investment Management LLC lifted its position in shares of Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Pier Capital LLC boosted its stake in shares of Universal Technical Institute by 15.7% during the second quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock valued at $5,534,000 after acquiring an additional 47,819 shares during the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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.