Universal Technical Institute (UTI) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Universal Technical Institute (NYSE:UTI) from a sell rating to a hold rating in a report issued on Friday.

Separately, Zacks Investment Research upgraded shares of Universal Technical Institute from a sell rating to a hold rating in a research report on Monday, February 5th.

Shares of NYSE:UTI opened at $3.10 on Friday. The firm has a market cap of $76.06 million, a P/E ratio of -6.08 and a beta of 3.17. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.27. Universal Technical Institute has a 1-year low of $3.09 and a 1-year high of $3.13.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Thursday, May 3rd. The company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.21). The business had revenue of $80.66 million for the quarter. Universal Technical Institute had a negative return on equity of 12.34% and a negative net margin of 4.58%. research analysts expect that Universal Technical Institute will post -1.08 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Teton Advisors Inc. raised its position in Universal Technical Institute by 78.1% during the 1st quarter. Teton Advisors Inc. now owns 130,000 shares of the company’s stock worth $382,000 after buying an additional 57,000 shares during the last quarter. Quantum Capital Management raised its position in Universal Technical Institute by 53.8% during the 1st quarter. Quantum Capital Management now owns 364,470 shares of the company’s stock worth $1,072,000 after buying an additional 127,535 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Universal Technical Institute by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock worth $2,923,000 after buying an additional 28,802 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Universal Technical Institute by 1.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,374,000 shares of the company’s stock worth $3,298,000 after buying an additional 22,430 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.

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.

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

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