Universal Technical Institute (NYSE:UTI) Shares Gap Down on Insider Selling

Universal Technical Institute Inc (NYSE:UTIGet Free Report) shares gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $42.96, but opened at $39.58. Universal Technical Institute shares last traded at $38.8280, with a volume of 697,674 shares.

Specifically, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the transaction, the chief accounting officer directly owned 43,006 shares in the company, valued at approximately $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UTI. Northland Securities set a $41.00 price target on Universal Technical Institute in a research report on Thursday, May 7th. Barrington Research boosted their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

View Our Latest Stock Report on Universal Technical Institute

Universal Technical Institute Trading Down 11.2%

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $37.96 and a 200 day simple moving average of $32.28. The firm has a market capitalization of $2.10 billion, a P/E ratio of 49.21, a PEG ratio of 3.82 and a beta of 1.25.

Universal Technical Institute (NYSE:UTIGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The firm had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. As a group, research analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Coliseum Capital Management LLC boosted its stake in Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after purchasing an additional 1,255,173 shares during the period. Vanguard Group Inc. raised its position in shares of Universal Technical Institute by 4.3% during the third quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock valued at $112,508,000 after buying an additional 141,426 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Universal Technical Institute by 22.5% during the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock valued at $76,851,000 after buying an additional 433,824 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after buying an additional 1,140,465 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Universal Technical Institute by 65.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after buying an additional 631,070 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other 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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