Universal Technical Institute’s (UTI) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Universal Technical Institute (NYSE:UTI) in a report released on Tuesday morning, Benzinga reports. They currently have a $18.00 target price on the stock.

UTI has been the subject of several other reports. TheStreet raised Universal Technical Institute from a c+ rating to a b rating in a report on Thursday, February 1st. Rosenblatt Securities upped their target price on Universal Technical Institute from $14.00 to $17.00 and gave the company a buy rating in a report on Thursday, January 25th. StockNews.com lowered Universal Technical Institute from a buy rating to a hold rating in a report on Wednesday, March 27th. Finally, Northland Securities assumed coverage on Universal Technical Institute in a report on Wednesday, January 10th. They issued an outperform rating and a $16.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $15.20.

Universal Technical Institute Stock Performance

Shares of UTI opened at $14.52 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $14.92 and a two-hundred day moving average price of $12.77. The firm has a market capitalization of $494.84 million, a P/E ratio of 55.85, a P/E/G ratio of 1.38 and a beta of 1.20. Universal Technical Institute has a 52 week low of $5.63 and a 52 week high of $16.37.

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 analysts’ consensus estimates of $0.06 by $0.11. The firm had revenue of $174.70 million during the quarter, compared to analyst estimates of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. Equities analysts forecast that Universal Technical Institute will post 0.7 earnings per share for the current fiscal year.

Insider Activity at Universal Technical Institute

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total value of $131,395.33. Following the transaction, the director now owns 20,000 shares in the company, valued at $301,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Universal Technical Institute during the first quarter worth $802,000. Quadrature Capital Ltd purchased a new stake in shares of Universal Technical Institute during the fourth quarter worth $544,000. Cannell Capital LLC purchased a new stake in shares of Universal Technical Institute during the fourth quarter worth $452,000. Tower Research Capital LLC TRC lifted its position in shares of Universal Technical Institute by 297.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock worth $77,000 after acquiring an additional 4,629 shares in the last quarter. Finally, Premier Fund Managers Ltd lifted its position in shares of Universal Technical Institute by 75.4% during the fourth quarter. Premier Fund Managers Ltd now owns 49,454 shares of the company’s stock worth $623,000 after acquiring an additional 21,257 shares in the last quarter. Hedge funds and other 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.