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May 27, 2023

Universal Technical Institute, Inc. (NYSE:UTI) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI - Get Rating) have been

Shares of Universal Technical Institute, Inc. (NYSE:UTI - Get Rating) have been given an average rating of "Moderate Buy" by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.75.

Several brokerages recently commented on UTI. StockNews.com began coverage on Universal Technical Institute in a report on Thursday, May 18th. They set a "hold" rating on the stock. Barrington Research reaffirmed an "outperform" rating and set a $10.00 target price on shares of Universal Technical Institute in a report on Thursday, February 9th. TheStreet lowered Universal Technical Institute from a "b-" rating to a "c" rating in a report on Wednesday, February 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $9.00 target price on shares of Universal Technical Institute in a report on Thursday, February 9th.

UTI stock opened at $6.49 on Tuesday. The company has a market capitalization of $221.11 million, a P/E ratio of 81.14, a PEG ratio of 3.63 and a beta of 0.91. The company has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $6.93. Universal Technical Institute has a fifty-two week low of $5.27 and a fifty-two week high of $9.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.04.

In related news, Director Coliseum Capital Management, L bought 6,282 shares of Universal Technical Institute stock in a transaction dated Tuesday, March 28th. The stock was acquired at an average cost of $6.74 per share, with a total value of $42,340.68. Following the completion of the acquisition, the director now directly owns 478,361 shares in the company, valued at approximately $3,224,153.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in UTI. UBS Group AG boosted its holdings in shares of Universal Technical Institute by 6,316.0% during the fourth quarter. UBS Group AG now owns 6,416 shares of the company's stock worth $43,000 after purchasing an additional 6,316 shares during the period. Legal & General Group Plc purchased a new position in Universal Technical Institute in the second quarter valued at about $44,000. Lazard Asset Management LLC acquired a new position in Universal Technical Institute in the 1st quarter worth about $47,000. Tower Research Capital LLC TRC raised its stake in shares of Universal Technical Institute by 204.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,653 shares of the company's stock worth $49,000 after purchasing an additional 4,468 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Universal Technical Institute during the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 76.70% of the company's stock.

Universal Technical Institute, Inc engages in the provision of transportation and technical training programs. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, welders, and CNC machining technicians.

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