Universal Technical Institute (UTI) Upgraded by Zacks Investment Research to Hold

Universal Technical Institute (NYSE:UTI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Universal Technical is adopting several new initiatives to drive new student growth in 2018. The company will focus on optimization of its media mix, launch a new website to enhance users' experience with relevant and targeted content, conduct career workshops and work with industry partners, regulators and policymakers to improve access to high schools in military bases. However, enrollments have been sluggish for several quarters now. 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. Meanwhile, shares of the company have underperformed the industry in the past one year. Also, loss estimates for the current year has remained stable in the last 60 days.”

A number of other equities analysts also recently weighed in on UTI. Piper Jaffray Companies reaffirmed a “hold” rating and set a $6.00 price target on shares of Universal Technical Institute in a research report on Tuesday, October 17th. ValuEngine downgraded Universal Technical Institute from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st.

Universal Technical Institute (NYSE UTI) traded down $0.21 during trading hours on Monday, reaching $2.51. The company’s stock had a trading volume of 15,494 shares, compared to its average volume of 26,753. Universal Technical Institute has a 52-week low of $2.21 and a 52-week high of $3.87. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.33. The firm has a market cap of $65.29, a P/E ratio of -4.63 and a beta of 3.50.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Universal Technical Institute had a negative return on equity of 5.65% and a negative net margin of 2.51%. The firm had revenue of $81.33 million for the quarter. research analysts forecast that Universal Technical Institute will post -0.39 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in Universal Technical Institute by 2.6% during the 2nd quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after acquiring an additional 1,330 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Universal Technical Institute by 4.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock valued at $160,000 after buying an additional 2,086 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Universal Technical Institute by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after buying an additional 3,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Universal Technical Institute by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock valued at $2,923,000 after buying an additional 28,802 shares during the last quarter. Finally, Skylands Capital LLC boosted its holdings in shares of Universal Technical Institute by 44.3% in the 3rd quarter. Skylands Capital LLC now owns 108,000 shares of the company’s stock valued at $375,000 after buying an additional 33,150 shares during the last quarter. 57.07% of the stock is owned by hedge funds and other institutional investors.

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Universal Technical Institute Company Profile

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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