Universal Technical Institute (NYSE:UTI) Cut to “Hold” at Texas Capital

Texas Capital downgraded shares of Universal Technical Institute (NYSE:UTI) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks reports.

Several other analysts have also recently issued reports on the stock. Truist Financial lowered their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. B. Riley Financial decreased their price target on shares of 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 reiterated a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Northland Securities set a $35.00 target price on Universal Technical Institute in a research report on Thursday, September 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.83.

Universal Technical Institute Stock Up 0.1%

UTI stock opened at $20.44 on Monday. The stock has a 50-day simple moving average of $27.75 and a two-hundred day simple moving average of $35.19. Universal Technical Institute has a twelve month low of $19.52 and a twelve month high of $51.34. The firm has a market capitalization of $1.13 billion, a PE ratio of 32.96, a PEG ratio of 2.24 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.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. On average, equities analysts predict that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the sale, the chief executive officer directly owned 335,715 shares in the company, 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 this hyperlink. 9.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors have recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC bought a new position in Universal Technical Institute in the second quarter valued at $526,000. Baird Financial Group Inc. bought a new stake in Universal Technical Institute during the second quarter worth about $13,471,000. Nykredit A S purchased a new position in shares of Universal Technical Institute in the 2nd quarter worth about $25,000. HighTower Advisors LLC boosted its holdings in shares of Universal Technical Institute by 9.4% in the 2nd quarter. HighTower Advisors LLC now owns 10,785 shares of the company’s stock worth $461,000 after purchasing an additional 929 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of Universal Technical Institute by 18.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,075,771 shares of the company’s stock valued at $46,011,000 after purchasing an additional 169,513 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.