Universal Technical Institute (NYSE:UTI) has been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 12-month consensus price objective of $3.00 for the company and are predicting that the company will post ($0.48) EPS for the current quarter, according to Zacks. Zacks has also assigned Universal Technical Institute an industry rank of 152 out of 265 based on the ratings given to related companies.
Several equities analysts recently commented on UTI shares. Zacks Investment Research raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Friday, April 13th. ValuEngine raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Friday, May 11th.
Hedge funds have recently modified their holdings of the stock. Teton Advisors Inc. increased its position in Universal Technical Institute by 78.1% during the first quarter. Teton Advisors Inc. now owns 130,000 shares of the company’s stock worth $382,000 after purchasing an additional 57,000 shares during the last quarter. Quantum Capital Management increased its position in Universal Technical Institute by 53.8% during the first quarter. Quantum Capital Management now owns 364,470 shares of the company’s stock worth $1,072,000 after purchasing an additional 127,535 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Universal Technical Institute by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock worth $2,923,000 after purchasing an additional 28,802 shares during the last quarter. 22NW LP increased its position in Universal Technical Institute by 58.6% during the first quarter. 22NW LP now owns 1,084,936 shares of the company’s stock worth $3,190,000 after purchasing an additional 400,924 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Universal Technical Institute by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,374,000 shares of the company’s stock worth $3,298,000 after purchasing an additional 22,430 shares during the last quarter. 61.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Universal Technical Institute traded up $0.07, reaching $3.17, during trading on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 100 shares, compared to its average volume of 31,967. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.53 and a quick ratio of 1.53. Universal Technical Institute has a fifty-two week low of $2.21 and a fifty-two week high of $3.80.
Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Thursday, May 3rd. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.21). The firm had revenue of $80.66 million during the quarter. Universal Technical Institute had a negative net margin of 4.58% and a negative return on equity of 12.34%. research analysts expect that Universal Technical Institute will post -1.08 EPS for the current year.
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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