B. Riley Raises Universal Technical Institute (NYSE:UTI) Price Target to $25.00

Universal Technical Institute (NYSE:UTI) had its price objective hoisted by equities researchers at B. Riley from $22.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 28.73% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Barrington Research reiterated an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Truist Financial started coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective on the stock. Northland Securities raised their target price on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $22.20.

Universal Technical Institute Stock Performance

UTI traded up $0.39 on Thursday, reaching $19.42. The stock had a trading volume of 240,684 shares, compared to its average volume of 526,237. Universal Technical Institute has a 12-month low of $9.18 and a 12-month high of $19.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $16.42 and its two-hundred day moving average price is $16.23. The company has a market cap of $1.04 billion, a P/E ratio of 38.84, a price-to-earnings-growth ratio of 1.21 and a beta of 1.34.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $177.46 million for the quarter, compared to analyst estimates of $172.33 million. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. During the same quarter last year, the business earned ($0.05) earnings per share. Sell-side analysts forecast that Universal Technical Institute will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of Universal Technical Institute stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the transaction, the chief executive officer now owns 136,443 shares in the company, valued at approximately $2,391,845.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 27.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd grew 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 worth $26,000 after buying an additional 1,564 shares in the last quarter. RiverPark Advisors LLC purchased a new stake in Universal Technical Institute in the second quarter valued at approximately $43,000. International Assets Investment Management LLC grew its holdings in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after buying an additional 9,512 shares during the period. Finally, EntryPoint Capital LLC lifted its position in shares of Universal Technical Institute by 54.2% during the first quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after purchasing an additional 3,643 shares in 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.