Universal Technical Institute (NYSE:UTI) Shares Gap Up Following Analyst Upgrade

Universal Technical Institute, Inc. (NYSE:UTI) shares gapped up before the market opened on Friday after Barrington Research raised their price target on the stock from $22.00 to $25.00. The stock had previously closed at $23.61, but opened at $24.33. Barrington Research currently has an outperform rating on the stock. Universal Technical Institute shares last traded at $24.36, with a volume of 59,580 shares changing hands.

A number of other research firms have also issued reports on UTI. Northland Securities lifted their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. B. Riley raised their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial raised their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Lake Street Capital raised their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute presently has an average rating of “Buy” and a consensus price target of $24.00.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in shares of 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 acquiring an additional 1,564 shares during the period. Pullen Investment Management LLC boosted its holdings in shares of Universal Technical Institute by 2.9% during the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock valued at $887,000 after acquiring an additional 1,600 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of Universal Technical Institute by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,060 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after acquiring an additional 2,083 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Universal Technical Institute by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock valued at $197,000 after acquiring an additional 2,596 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 7.5 %

The business’s 50 day moving average is $17.37 and its two-hundred day moving average is $16.68. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.37 billion, a P/E ratio of 50.76, a PEG ratio of 1.45 and a beta of 1.34.

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.