Universal Technical Institute (UTI) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. They currently have $3.75 target price on the stock.

According to Zacks, “Shares of Universal Technical have broadly outperformed its industry in the past year. In second-quarter of fiscal 2019, although the company incurred wider-than-expected adjusted loss of 27 cents per share, the figure was narrower sequentially. Revenues increased 1.3% on a year-over-year basis, backed by higher average full-time enrollment despite one less earning day. Moreover, total starts rose 11.2% year over year. The company remains on track with its multiyear transformation plan to drive student growth, including optimization of its media mix, conducting career workshops and working with industry-leading partners along with building up new campus and program initiatives. Yet, higher expenses related to these initiatives raise a concern.”

Separately, ValuEngine lowered shares of Universal Technical Institute from a buy rating to a hold rating in a report on Monday, April 1st.

UTI opened at $3.40 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.19. Universal Technical Institute has a 52 week low of $1.86 and a 52 week high of $4.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in Universal Technical Institute during the 1st quarter worth $29,000. Charles Schwab Investment Management Inc. acquired a new stake in Universal Technical Institute during the 1st quarter worth $45,000. Parallel Advisors LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth $45,000. BlueCrest Capital Management Ltd acquired a new stake in Universal Technical Institute during the 1st quarter worth $70,000. Finally, Regentatlantic Capital LLC acquired a new stake in Universal Technical Institute during the 1st quarter worth $72,000. 61.03% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

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. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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