Universal Technical Institute (NYSE:UTI) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Universal Technical Institute (NYSE:UTIFree Report) from a hold rating to a sell rating in a report published on Saturday.

Other analysts also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Universal Technical Institute in a research note on Monday, December 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Check Out Our Latest Research Report on Universal Technical Institute

Universal Technical Institute Stock Up 3.0%

Shares of UTI opened at $25.50 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.22 and a beta of 1.36. Universal Technical Institute has a 52 week low of $21.29 and a 52 week high of $36.32. The stock’s 50-day moving average price is $26.70 and its 200-day moving average price is $28.20. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.29.

Universal Technical Institute (NYSE:UTIGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%.The company had revenue of $220.84 million during the quarter, compared to analysts’ expectations of $216.65 million. On average, sell-side analysts predict that Universal Technical Institute will post 1 EPS for the current year.

Insider Activity at Universal Technical Institute

In related news, Director Coliseum Capital Management, L purchased 191,830 shares of Universal Technical Institute stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of $25.38 per share, for a total transaction of $4,868,645.40. Following the transaction, the director directly owned 3,971,440 shares in the company, valued at approximately $100,795,147.20. This trade represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 1,255,173 shares of company stock worth $30,812,798 over the last three months. 9.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

A number of hedge funds have recently made changes to their positions in UTI. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute during the second quarter worth approximately $27,000. Penserra Capital Management LLC acquired a new stake in Universal Technical Institute during the 2nd quarter worth $28,000. KBC Group NV purchased a new stake in shares of Universal Technical Institute during the second quarter worth $34,000. PNC Financial Services Group Inc. raised its position in shares of Universal Technical Institute by 17,142.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after buying an additional 1,200 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute in the first quarter valued at about $57,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Key Headlines Impacting Universal Technical Institute

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About Universal Technical Institute

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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.

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