Universal Technical Institute (UTI) Upgraded to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Universal Technical Institute (NYSE:UTI) from a sell rating to a hold rating in a report issued on Friday.

According to Zacks, “Shares of Universal Technical have underperformed its industry in the past year. The company’s enrollments have been declining for several quarters now due to changing attitudes about education, employment and debt as well as the countercyclical nature of its business. In fact, higher costs of operations, stringent regulations and increased abuse and misuse of Title IV funds are likely to keep the company’s profits under pressure. Estimates, too, have been stable over the past 60 days, limiting upside potential for the stock. However, the company is adopting several initiatives to drive new student growth, including the optimization of its media mix, conducting career workshops and work with industry partners, we wait for better visibility.”

Shares of UTI remained flat at $$2.48 during trading hours on Friday. The stock had a trading volume of 2,241 shares, compared to its average volume of 27,539. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.30. Universal Technical Institute has a twelve month low of $2.21 and a twelve month high of $3.75. The firm has a market capitalization of $67.00 million, a price-to-earnings ratio of -4.86 and a beta of 3.00.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Tuesday, August 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.04). Universal Technical Institute had a negative net margin of 7.06% and a negative return on equity of 17.50%. The firm had revenue of $74.89 million for the quarter, compared to analyst estimates of $74.20 million. As a group, equities analysts predict that Universal Technical Institute will post -1.62 EPS for the current fiscal year.

An institutional investor recently raised its position in Universal Technical Institute stock. Renaissance Technologies LLC increased its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,405,406 shares of the company’s stock after acquiring an additional 21,391 shares during the quarter. Renaissance Technologies LLC owned about 5.58% of Universal Technical Institute worth $4,427,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 63.32% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Incengages in the provision of technical training for automotive, diesel, collision repair, motorcycle and marine technicians, and offers welding technology and computer numerical control (CNC) machining programs. It offers undergraduate degree, diploma and certificate programs across the U.S.

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