Universal Technical Institute (NYSE:UTI) Stock Price Breaks Above 50 Day Moving Average – Time to Sell?

Universal Technical Institute Inc (NYSE:UTI) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $20.80 and traded as high as $22.68. Universal Technical Institute shares last traded at $21.9570, with a volume of 1,433,493 shares.

Wall Street Analyst Weigh In

UTI has been the topic of several recent research reports. B. Riley Financial reduced their price target on shares of Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. Texas Capital downgraded Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Finally, Truist Financial dropped their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Universal Technical Institute Stock Performance

The stock’s 50 day moving average price is $20.80 and its 200 day moving average price is $32.04. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.21 billion, a PE ratio of 35.41, a P/E/G ratio of 2.03 and a beta of 1.18.

Hedge Funds Weigh In On Universal Technical Institute

A number of institutional investors have recently added to or reduced their stakes in UTI. Royce & Associates LP raised its holdings in Universal Technical Institute by 12.1% in the third quarter. Royce & Associates LP now owns 1,343,507 shares of the company’s stock valued at $25,083,000 after acquiring an additional 145,363 shares in the last quarter. Aberdeen Group plc increased its position in shares of Universal Technical Institute by 254.8% in the 3rd quarter. Aberdeen Group plc now owns 926,941 shares of the company’s stock worth $17,306,000 after purchasing an additional 665,678 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Universal Technical Institute by 64.6% during the third quarter. Maryland State Retirement & Pension System now owns 12,227 shares of the company’s stock worth $228,000 after purchasing an additional 4,798 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Universal Technical Institute by 2.8% during the third quarter. Illinois Municipal Retirement Fund now owns 25,872 shares of the company’s stock worth $483,000 after purchasing an additional 708 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC acquired a new position in Universal Technical Institute in the third quarter worth about $560,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc (UTI) is a provider of career-focused postsecondary education and training. Founded in 1965, the company prepares students for careers in transportation, skilled trades and health care through campus-based and online programs.

UTI’s transportation and skilled-trades programs cover areas such as automotive, diesel, collision repair, motorcycle and marine technology, welding, heating, ventilation and air conditioning, and robotics and automation. Programs are offered through brands including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.

Through its Concorde Career Colleges subsidiary, UTI also provides health care education and training.