Universal Technical Institute (NYSE:UTI) Upgraded at TheStreet

Universal Technical Institute (NYSE:UTI – Get Rating) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.

Separately, StockNews.com assumed coverage on Universal Technical Institute in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Universal Technical Institute Trading Down 0.3 %

Universal Technical Institute stock opened at $7.19 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.01 and a quick ratio of 1.01. Universal Technical Institute has a one year low of $5.27 and a one year high of $11.45. The stock has a market capitalization of $242.81 million, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The business’s fifty day moving average is $6.67 and its 200 day moving average is $7.14.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently modified their holdings of UTI. Private Management Group Inc. purchased a new stake in shares of Universal Technical Institute during the third quarter valued at $7,193,000. Deutsche Bank AG lifted its holdings in Universal Technical Institute by 166.1% in the second quarter. Deutsche Bank AG now owns 660,010 shares of the company’s stock valued at $4,706,000 after acquiring an additional 411,970 shares during the period. Acuitas Investments LLC bought a new position in Universal Technical Institute in the third quarter valued at about $2,161,000. BlackRock Inc. lifted its holdings in Universal Technical Institute by 13.3% in the third quarter. BlackRock Inc. now owns 2,038,082 shares of the company’s stock valued at $11,086,000 after acquiring an additional 238,614 shares during the period. Finally, State Street Corp lifted its holdings in Universal Technical Institute by 209.1% in the second quarter. State Street Corp now owns 351,032 shares of the company’s stock valued at $2,503,000 after acquiring an additional 237,478 shares during the period. 73.86% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

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Universal Technical Institute, Inc provides transportation and technical training programs in the United States. The company provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.