Universal Technical Institute (NYSE:UTI) Trading 4.5% Higher Following Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI) shares shot up 4.5% on Thursday after Northland Securities raised their price target on the stock from $24.00 to $30.00. Northland Securities currently has an outperform rating on the stock. Universal Technical Institute traded as high as $26.09 and last traded at $25.92. 147,404 shares were traded during mid-day trading, a decline of 72% from the average session volume of 531,678 shares. The stock had previously closed at $24.81.

UTI has been the topic of several other research reports. Lake Street Capital lifted their price objective on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Rosenblatt Securities lifted their price target on Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. B. Riley increased their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research lifted their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Truist Financial upped their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Universal Technical Institute has an average rating of “Buy” and an average price target of $26.33.

Insider Activity at Universal Technical Institute

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

Institutional Trading of Universal Technical Institute

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. RiverPark Advisors LLC purchased a new stake in shares of Universal Technical Institute during the 2nd quarter worth approximately $43,000. Quarry LP boosted its position in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after acquiring an additional 3,056 shares during the last quarter. International Assets Investment Management LLC grew its holdings 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 purchasing an additional 3,815 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after purchasing an additional 9,512 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50-day moving average is $21.06 and its two-hundred day moving average is $18.04. The company has a market cap of $1.37 billion, a P/E ratio of 34.18, a PEG ratio of 1.78 and a beta of 1.48.

About Universal Technical Institute

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.