Universal Technical Institute (NYSE:UTI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday, February 9th.
A number of other research firms have also weighed in on UTI. Piper Jaffray Companies reissued a “hold” rating on shares of Universal Technical Institute in a report on Friday, December 1st. Zacks Investment Research lowered shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
Universal Technical Institute (UTI) opened at $2.64 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Universal Technical Institute has a 12-month low of $2.21 and a 12-month high of $3.87.
Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, November 30th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). The firm had revenue of $81.33 million during the quarter. Universal Technical Institute had a negative net margin of 2.35% and a negative return on equity of 7.58%. analysts forecast that Universal Technical Institute will post -0.79 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of Universal Technical Institute by 1.0% during the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock worth $1,437,000 after acquiring an additional 3,800 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Universal Technical Institute by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 813,571 shares of the company’s stock worth $2,904,000 after acquiring an additional 59,594 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Universal Technical Institute by 4.9% during the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock worth $160,000 after acquiring an additional 2,086 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Universal Technical Institute during the second quarter worth approximately $426,000. 56.53% of the stock is currently owned by hedge funds and other institutional investors.
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About Universal Technical Institute
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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