Zacks Investment Research upgraded shares of Universal Technical Institute (NYSE:UTI) from a sell rating to a hold rating in a report issued on Friday.
According to Zacks, “Shares of Universal Technical have underperformed the industry in the past year. Also, loss estimates for the current year have widened in the last 60 days, reflecting analysts’ concern. Universal Technical’s enrollments have been sluggish for several quarters now.In the first quarter of fiscal 2018,average student enrollment dropped 5.8% and total starts fell 7.1% year over year.Moreover, 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. Though the company is adopting several new initiatives to drive new student growth like optimization of its media mix, conduct career workshops and work with industry partners, we await better visibility.”
Separately, ValuEngine raised Universal Technical Institute from a strong sell rating to a sell rating in a research note on Friday, February 9th.
Shares of UTI opened at $3.12 on Friday. 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 12-month low of $2.21 and a 12-month high of $3.87. The firm has a market cap of $77.53, a PE ratio of -6.12 and a beta of 3.16.
Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Universal Technical Institute had a negative net margin of 2.35% and a negative return on equity of 7.58%. The firm had revenue of $81.16 million for the quarter. research analysts anticipate that Universal Technical Institute will post -0.79 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of UTI. Northern Trust Corp lifted its stake in shares of Universal Technical Institute by 2.6% during 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. lifted its stake in shares of Universal Technical Institute by 1.0% during 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. Macquarie Group Ltd. acquired a new position in shares of Universal Technical Institute during the third quarter valued at $289,000. Dimensional Fund Advisors LP lifted its stake in shares of Universal Technical Institute by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock valued at $2,923,000 after acquiring an additional 28,802 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Universal Technical Institute by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,374,000 shares of the company’s stock valued at $3,298,000 after acquiring an additional 22,430 shares during the period. 62.67% of the stock is currently owned by institutional investors and hedge funds.
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About Universal Technical Institute
Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. The company offers undergraduate degree and diploma programs, and specialized technical education programs through its 12 campuses under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.
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