Universal Technical Institute, Inc. (NYSE:UTI) has earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12 month consensus target price of $3.50 for the company and are anticipating that the company will post ($0.19) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Universal Technical Institute an industry rank of 108 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on UTI shares. Zacks Investment Research raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine raised shares of Universal Technical Institute from a “strong sell” rating to a “sell” rating in a research note on Friday, February 9th.
Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, February 8th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Universal Technical Institute had a negative return on equity of 7.58% and a negative net margin of 2.35%. The firm had revenue of $81.16 million for the quarter. sell-side analysts forecast that Universal Technical Institute will post -0.79 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock valued at $186,000 after purchasing an additional 1,330 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Universal Technical Institute in the third quarter valued at approximately $289,000. Vanguard Group Inc. grew its holdings in shares of Universal Technical Institute by 1.0% in the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after purchasing an additional 3,800 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Universal Technical Institute by 52.5% in the third quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock valued at $1,998,000 after purchasing an additional 198,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Universal Technical Institute by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock valued at $2,923,000 after purchasing an additional 28,802 shares in the last quarter. 62.67% of the stock is currently owned by institutional investors and hedge funds.
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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. The company offers undergraduate degree and diploma programs, and specialized technical education programs through its 12 campuses under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.
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