Universal Technical Institute (NYSE:UTI) Shares Gap Down – Here’s What Happened

Universal Technical Institute Inc (NYSE:UTI) gapped down prior to trading on Thursday . The stock had previously closed at $29.49, but opened at $27.98. Universal Technical Institute shares last traded at $26.1760, with a volume of 381,180 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UTI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Universal Technical Institute in a report on Thursday, November 13th. Zacks Research cut shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Barrington Research reiterated an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Monday, September 29th. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday. Finally, Wall Street Zen cut Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Universal Technical Institute has an average rating of “Moderate Buy” and an average target price of $35.83.

Universal Technical Institute Stock Down 16.0%

The firm has a market capitalization of $1.35 billion, a PE ratio of 22.20, a PEG ratio of 2.27 and a beta of 1.55. The business’s 50 day simple moving average is $30.39 and its 200 day simple moving average is $31.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, November 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The firm had revenue of $222.44 million for the quarter, compared to analysts’ expectations of $219.33 million. Universal Technical Institute has set its FY 2026 guidance at 0.710-0.800 EPS. On average, equities research analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Institutional Trading of Universal Technical Institute

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. bought a new stake in Universal Technical Institute in the second quarter worth $27,000. Penserra Capital Management LLC bought a new position in Universal Technical Institute during the second quarter valued at $28,000. KBC Group NV purchased a new stake in shares of Universal Technical Institute in the second quarter valued at $34,000. PNC Financial Services Group Inc. lifted its holdings in shares of Universal Technical Institute by 17,142.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after acquiring an additional 1,200 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after purchasing an additional 1,110 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.