Universal Technical Institute (UTI) Upgraded at ValuEngine

ValuEngine upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a report released on Tuesday, February 5th.

Separately, Zacks Investment Research cut Universal Technical Institute from a buy rating to a hold rating in a research report on Wednesday, January 30th.

Shares of NYSE:UTI traded up $0.07 during trading on Tuesday, reaching $3.56. 27,319 shares of the company traded hands, compared to its average volume of 31,315. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $87.51 million, a PE ratio of -2.20 and a beta of 1.72. Universal Technical Institute has a 52-week low of $1.86 and a 52-week high of $4.20.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Tuesday, February 5th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.25). Universal Technical Institute had a negative net margin of 12.31% and a negative return on equity of 25.82%. The company had revenue of $83.05 million for the quarter, compared to the consensus estimate of $81.30 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Research analysts predict that Universal Technical Institute will post -0.59 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in Universal Technical Institute by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,405,406 shares of the company’s stock valued at $4,427,000 after acquiring an additional 21,391 shares during the period. Mcclain Value Management LLC increased its holdings in shares of Universal Technical Institute by 87.9% in the third quarter. Mcclain Value Management LLC now owns 204,778 shares of the company’s stock valued at $545,000 after purchasing an additional 95,787 shares during the period. Quantum Capital Management boosted its stake in shares of Universal Technical Institute by 21.4% in the third quarter. Quantum Capital Management now owns 460,217 shares of the company’s stock worth $1,224,000 after buying an additional 81,125 shares during the last quarter. 22NW LP boosted its stake in shares of Universal Technical Institute by 14.8% in the third quarter. 22NW LP now owns 1,244,966 shares of the company’s stock worth $3,312,000 after buying an additional 160,030 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in Universal Technical Institute during the fourth quarter worth approximately $45,000. 63.85% of the stock is currently owned by institutional investors and hedge funds.

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. 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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