Shares of Universal Technical Institute Inc (NYSE:UTI) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus price objective of $6.00 for the company, according to Zacks. Zacks has also assigned Universal Technical Institute an industry rank of 76 out of 265 based on the ratings given to its competitors.
UTI has been the subject of a number of research analyst reports. ValuEngine lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $6.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, October 17th.
Universal Technical Institute (NYSE:UTI) last issued its quarterly 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 business had revenue of $81.33 million during the quarter. Universal Technical Institute had a negative return on equity of 5.59% and a negative net margin of 2.51%. sell-side analysts predict that Universal Technical Institute will post -0.05 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Skylands Capital LLC grew its position in Universal Technical Institute by 44.3% in 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 in the last quarter. Janus Henderson Group PLC purchased a new position in Universal Technical Institute in the second quarter worth about $426,000. Renaissance Technologies LLC grew its position in Universal Technical Institute by 5.6% in the first quarter. Renaissance Technologies LLC now owns 1,152,600 shares of the company’s stock worth $3,976,000 after acquiring an additional 61,600 shares in the last quarter. Spark Investment Management LLC purchased a new position in Universal Technical Institute in the second quarter worth about $107,000. Finally, Gamco Investors INC. ET AL grew its position in Universal Technical Institute by 6.2% in the second quarter. Gamco Investors INC. ET AL now owns 293,000 shares of the company’s stock worth $1,046,000 after acquiring an additional 17,000 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.
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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