Universal Technical Institute (NYSE:UTI) Issues Earnings Results

Universal Technical Institute (NYSE:UTI) posted its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16, FiscalAI reports. The company had revenue of $222.44 million during the quarter, compared to analysts’ expectations of $219.33 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded up $0.62 during trading on Wednesday, reaching $29.57. The stock had a trading volume of 468,833 shares, compared to its average volume of 736,143. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $1.61 billion, a PE ratio of 25.94, a P/E/G ratio of 2.27 and a beta of 1.55. Universal Technical Institute has a one year low of $19.65 and a one year high of $36.32. The firm’s 50 day moving average price is $30.34 and its two-hundred day moving average price is $31.02.

Institutional Trading of Universal Technical Institute

Several institutional investors have recently added to or reduced their stakes in UTI. Verition Fund Management LLC boosted its stake in Universal Technical Institute by 2.1% in the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after purchasing an additional 441 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after purchasing an additional 506 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Universal Technical Institute by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after acquiring an additional 506 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Universal Technical Institute during the second quarter valued at approximately $27,000. Finally, The Manufacturers Life Insurance Company increased its stake in Universal Technical Institute by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,417 shares of the company’s stock valued at $861,000 after buying an additional 918 shares during the period. Institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

UTI has been the topic of several recent analyst reports. Zacks Research cut Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Universal Technical Institute in a report on Thursday, November 13th. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Monday, September 29th. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

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.