Universal Technical Institute (NYSE:UTI) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Universal Technical Institute (NYSE:UTI) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Other analysts have also issued research reports about the company. TheStreet raised Universal Technical Institute from a c+ rating to a b rating in a report on Thursday, February 1st. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $14.00 to $17.00 and gave the stock a buy rating in a report on Thursday, January 25th. Barrington Research lifted their price objective on Universal Technical Institute from $15.00 to $18.00 and gave the stock an outperform rating in a report on Thursday, February 8th. Finally, Northland Securities started coverage on Universal Technical Institute in a report on Wednesday, January 10th. They issued an outperform rating and a $16.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $15.20.

Universal Technical Institute Stock Up 2.0 %

Universal Technical Institute stock opened at $15.17 on Wednesday. The firm has a market cap of $516.99 million, a price-to-earnings ratio of 58.35, a PEG ratio of 1.42 and a beta of 1.20. The stock has a fifty day simple moving average of $14.87 and a two-hundred day simple moving average of $11.89. Universal Technical Institute has a 12 month low of $5.63 and a 12 month high of $16.37. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.06 by $0.11. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. The company had revenue of $174.70 million during the quarter, compared to analyst estimates of $168.19 million. Equities analysts predict that Universal Technical Institute will post 0.7 EPS for the current fiscal year.

Institutional Trading of Universal Technical Institute

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in Universal Technical Institute by 1,152.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after purchasing an additional 2,880 shares during the period. UBS Group AG lifted its position in shares of Universal Technical Institute by 6,316.0% in the fourth quarter. UBS Group AG now owns 6,416 shares of the company’s stock valued at $43,000 after acquiring an additional 6,316 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Universal Technical Institute in the second quarter valued at about $44,000. Lazard Asset Management LLC purchased a new position in shares of Universal Technical Institute in the first quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Universal Technical Institute by 204.5% in the first quarter. Tower Research Capital LLC TRC now owns 6,653 shares of the company’s stock valued at $49,000 after acquiring an additional 4,468 shares in the last quarter. Institutional investors own 75.67% of the company’s stock.

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.