Jerome Alan Grant Sells 94,500 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTIGet Free Report) CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares in the company, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Universal Technical Institute Stock Up 3.6%

Shares of UTI stock traded up $1.48 during mid-day trading on Tuesday, hitting $42.83. 556,074 shares of the stock traded hands, compared to its average volume of 1,126,748. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $45.74. The stock’s fifty day moving average is $39.09 and its two-hundred day moving average is $34.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $2.36 billion, a P/E ratio of 55.62, a P/E/G ratio of 3.63 and a beta of 1.25.

Universal Technical Institute (NYSE:UTIGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The company had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Equities analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Institutional Trading of Universal Technical Institute

A number of hedge funds have recently added to or reduced their stakes in the company. Leuthold Group LLC grew its holdings in Universal Technical Institute by 0.3% in the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock valued at $3,704,000 after buying an additional 439 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Universal Technical Institute by 2.1% during the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after acquiring an additional 441 shares during the period. ANB Bank boosted its position in shares of Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after acquiring an additional 491 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after purchasing an additional 506 shares during the period. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Universal Technical Institute by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after purchasing an additional 506 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on UTI shares. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research report on Thursday, May 7th. Rosenblatt Securities lifted their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.80.

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About Universal Technical Institute

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Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.

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