Universal Technical Institute (UTI) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Universal Technical Institute (NYSE:UTI) from a sell rating to a hold rating in a report released on Monday, February 5th.

According to Zacks, “Universal Technical is adopting several new initiatives to drive new student growth in 2018. The company will focus on optimization of its media mix, launch a new website to enhance users' experience with relevant and targeted content, conduct career workshops and work with industry partners, regulators and policymakers to improve access to high schools in military bases. However, enrollments have been sluggish for several quarters now. In fiscal 2017, lower student population levels and fewer new student starts resulted in a decline of 9.2% in average undergraduate full-time student enrollment. Meanwhile, shares of the company have underperformed the industry in the past one year. Also, loss estimates for the current year has remained stable in the last 60 days.”

Other equities analysts also recently issued research reports about the company. Piper Jaffray Companies reiterated a hold rating and issued a $6.00 target price on shares of Universal Technical Institute in a report on Tuesday, October 17th. ValuEngine downgraded Universal Technical Institute from a sell rating to a strong sell rating in a report on Friday, December 1st.

Shares of Universal Technical Institute (NYSE:UTI) opened at $2.63 on Monday. Universal Technical Institute has a 1-year low of $2.21 and a 1-year high of $3.87. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.33.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). The business had revenue of $81.33 million during the quarter. Universal Technical Institute had a negative net margin of 2.35% and a negative return on equity of 8.05%. analysts expect that Universal Technical Institute will post -0.78 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Northern Trust Corp boosted its position in shares of Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock valued at $186,000 after acquiring an additional 1,330 shares during the period. Vanguard Group Inc. boosted its position in shares of Universal Technical Institute by 1.0% in the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after acquiring an additional 3,800 shares during the period. Dimensional Fund Advisors LP lifted its position in Universal Technical Institute by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 813,571 shares of the company’s stock worth $2,904,000 after purchasing an additional 59,594 shares during the period. Goldman Sachs Group Inc. lifted its position in Universal Technical Institute by 4.9% in the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock worth $160,000 after purchasing an additional 2,086 shares during the period. Finally, Janus Henderson Group PLC bought a new position in Universal Technical Institute in the second quarter worth $426,000. 56.69% of the stock is owned by hedge funds and other institutional investors.

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Universal Technical Institute Company Profile

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

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