ValuEngine Upgrades Universal Technical Institute (UTI) to “Sell”

ValuEngine upgraded shares of Universal Technical Institute (NYSE:UTI) from a strong sell rating to a sell rating in a research report report published on Friday morning.

Other research analysts have also issued research reports about the company. Piper Jaffray Companies reissued a hold rating on shares of Universal Technical Institute in a report on Friday, December 1st. Zacks Investment Research raised Universal Technical Institute from a sell rating to a hold rating in a report on Monday, February 5th.

Universal Technical Institute (UTI) opened at $2.63 on Friday. The stock has a market capitalization of $65.79, a P/E ratio of -5.06 and a beta of 3.50. 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 has a twelve month low of $2.21 and a twelve month high of $3.87.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). The company 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%. sell-side analysts forecast that Universal Technical Institute will post -0.78 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in shares of Universal Technical Institute in the third quarter valued at approximately $289,000. Alyeska Investment Group L.P. grew its holdings in Universal Technical Institute by 52.5% during the third quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock worth $1,998,000 after acquiring an additional 198,298 shares during the period. Quantum Capital Management grew its holdings in Universal Technical Institute by 1,477.3% during the third quarter. Quantum Capital Management now owns 173,177 shares of the company’s stock worth $601,000 after acquiring an additional 162,198 shares during the period. Janus Henderson Group PLC acquired a new position in Universal Technical Institute during the second quarter worth $426,000. Finally, Skylands Capital LLC grew its holdings in Universal Technical Institute by 44.3% during the third quarter. Skylands Capital LLC now owns 108,000 shares of the company’s stock worth $375,000 after acquiring an additional 33,150 shares during the period. 56.69% of the stock is currently owned by institutional investors and hedge funds.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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