Universal Technical Institute (NYSE:UTI) Sets New 52-Week High – Time to Buy?

Universal Technical Institute, Inc. (NYSE:UTI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.47 and last traded at $27.30, with a volume of 367718 shares changing hands. The stock had previously closed at $26.30.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UTI. Northland Securities increased their price target on Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. B. Riley lifted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barrington Research upped their price objective on Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Truist Financial lifted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Rosenblatt Securities raised their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $27.17.

Universal Technical Institute Trading Up 5.4 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $25.80 and a two-hundred day moving average price of $20.26. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 1.84 and a beta of 1.45.

Insiders Place Their Bets

In related news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares during the period. Quarry LP increased its stake in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its position in shares of Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Universal Technical Institute in the third quarter valued at approximately $152,000. Finally, ProShare Advisors LLC purchased a new position in shares of Universal Technical Institute in the second quarter valued at approximately $167,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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.