Universal Technical Institute (NYSE:UTI) Sets New 1-Year Low – Here’s Why

Universal Technical Institute Inc (NYSE:UTI)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $20.18 and last traded at $20.3280, with a volume of 1323002 shares changing hands. The stock had previously closed at $20.60.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UTI. Northland Securities set a $35.00 price target on shares of Universal Technical Institute in a research report on Thursday. Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. B. Riley Financial reduced their target price on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, Truist Financial dropped their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average price target of $42.83.

Universal Technical Institute Stock Down 1.8%

The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $32.65 and a 200 day moving average price of $36.12.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The company had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. As a group, analysts forecast that Universal Technical Institute Inc will post 0.61 EPS for the current year.

Insider Activity at Universal Technical Institute

In related news, CEO Jerome Grant sold 94,500 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the sale, the chief executive officer owned 335,715 shares of the company’s stock, valued at $13,898,601. The trade was a 21.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the sale, the insider owned 27,025 shares of the company’s stock, valued at $1,081,000. The trade was a 14.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UTI. Royal Bank of Canada lifted its stake in shares of Universal Technical Institute by 47.6% in the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after acquiring an additional 14,364 shares during the period. AQR Capital Management LLC bought a new position in Universal Technical Institute during the 1st quarter worth approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Universal Technical Institute by 23.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after purchasing an additional 5,216 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Universal Technical Institute in the 1st quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after purchasing an additional 9,951 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.