Universal Technical Institute, Inc. (NYSE:UTI) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $3.50 for the company and are predicting that the company will post ($0.19) EPS for the current quarter, according to Zacks. Zacks has also assigned Universal Technical Institute an industry rank of 131 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on UTI. ValuEngine cut Universal Technical Institute from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Universal Technical Institute in a research report on Friday, December 1st.
A number of hedge funds have recently bought and sold shares of UTI. Northern Trust Corp boosted its position in Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after purchasing an additional 1,330 shares during the last quarter. Vanguard Group Inc. boosted its position in Universal Technical Institute by 1.0% in the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock worth $1,437,000 after purchasing an additional 3,800 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 last quarter. Goldman Sachs Group Inc. boosted 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 last quarter. Finally, Macquarie Group Ltd. purchased a new position in Universal Technical Institute in the third quarter worth $289,000. 62.67% of the stock is currently owned by institutional investors and hedge funds.
Universal Technical Institute (UTI) opened at $2.66 on Friday. The stock has a market capitalization of $67.03, a P/E ratio of -5.22 and a beta of 3.34. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Universal Technical Institute has a 1 year low of $2.21 and a 1 year high of $3.87.
Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.12). Universal Technical Institute had a negative return on equity of 7.58% and a negative net margin of 2.35%. The business had revenue of $81.16 million during the quarter. research analysts forecast that Universal Technical Institute will post -0.79 EPS for the current year.
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About Universal Technical Institute
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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