Universal Technical Institute (NYSE:UTI) Trading Down 8.4% – Time to Sell?

Shares of Universal Technical Institute Inc (NYSE:UTIGet Free Report) fell 8.4% on Thursday . The company traded as low as $22.23 and last traded at $22.25. 1,904,835 shares traded hands during trading, an increase of 90% from the average daily volume of 1,003,578 shares. The stock had previously closed at $24.30.

Analyst Ratings Changes

Several brokerages have issued reports on UTI. Northland Securities set a $41.00 price target on Universal Technical Institute in a report on Thursday, May 7th. Truist Financial dropped their price objective on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Barrington Research raised their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Get Our Latest Analysis on Universal Technical Institute

Universal Technical Institute Stock Down 2.4%

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 stock has a market cap of $1.23 billion, a P/E ratio of 36.06, a PEG ratio of 2.52 and a beta of 1.25. The firm has a 50-day simple moving average of $38.10 and a two-hundred day simple moving average of $36.77.

Universal Technical Institute (NYSE:UTIGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Equities research analysts expect that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In related news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the sale, the director directly owned 971,440 shares in the company, valued at approximately $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the sale, the insider directly owned 27,025 shares in the company, valued at $1,081,000. This represents a 14.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,102,545 shares of company stock worth $128,449,570. 9.80% of the stock is currently owned by company insiders.

Institutional Trading of Universal Technical Institute

Institutional investors have recently modified their holdings of the stock. Leuthold Group LLC increased its position in shares of Universal Technical Institute by 0.3% in the fourth quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after purchasing an additional 439 shares during the period. Verition Fund Management LLC grew its stake in Universal Technical Institute by 2.1% during the third quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after buying an additional 441 shares in the last quarter. ANB Bank increased its holdings in Universal Technical Institute by 5.8% in the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after buying an additional 491 shares during the period. Engineers Gate Manager LP increased its holdings in Universal Technical Institute by 4.3% in the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after buying an additional 506 shares during the period. Finally, SkyView Investment Advisors LLC raised its position in shares of Universal Technical Institute by 1.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after buying an additional 506 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

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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