Universal Technical Institute (NYSE:UTI) Sets New 52-Week High – What’s Next?

Universal Technical Institute, Inc. (NYSE:UTI)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.71 and last traded at $26.08, with a volume of 32602 shares traded. The stock had previously closed at $26.20.

Analysts Set New Price Targets

Several analysts recently issued reports on UTI shares. Barrington Research upped their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Lake Street Capital increased their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 21st. B. Riley boosted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Northland Securities upped their price objective on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $26.33.

Universal Technical Institute Trading Down 1.8 %

The business has a fifty day moving average price of $23.18 and a two-hundred day moving average price of $18.98. 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 firm has a market capitalization of $1.39 billion, a PE ratio of 34.77, a PEG ratio of 1.78 and a beta of 1.48.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors have recently bought and sold shares of UTI. FMR LLC grew its holdings in shares of Universal Technical Institute by 73,048.1% in the third quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Universal Technical Institute in the third quarter worth $10,217,000. Charles Schwab Investment Management Inc. grew its stake in shares of Universal Technical Institute by 198.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 345,772 shares of the company’s stock worth $5,622,000 after acquiring an additional 229,738 shares in the last quarter. Resolute Capital Asset Partners LLC purchased a new stake in shares of Universal Technical Institute during the second quarter worth $3,534,000. Finally, Pier Capital LLC raised its stake in shares of Universal Technical Institute by 57.3% in the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after acquiring an additional 201,573 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.