Shannon Lei Okinaka Sells 10,000 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) Director Shannon Lei Okinaka sold 10,000 shares of Universal Technical Institute stock in a transaction on Friday, March 6th. The stock was sold at an average price of $34.74, for a total transaction of $347,400.00. Following the sale, the director directly owned 19,808 shares in the company, valued at $688,129.92. This trade represents a 33.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $34.28 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average of $29.67 and a two-hundred day moving average of $28.76. The stock has a market cap of $1.89 billion, a P/E ratio of 35.34, a PEG ratio of 3.04 and a beta of 1.31. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $38.02.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%.The company had revenue of $220.84 million during the quarter, compared to the consensus estimate of $216.65 million. On average, research analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new stake in shares of Universal Technical Institute during the third quarter worth $18,901,000. Envestnet Asset Management Inc. boosted its holdings in shares of Universal Technical Institute by 68.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company’s stock valued at $4,964,000 after buying an additional 61,971 shares during the period. Franklin Resources Inc. acquired a new position in shares of Universal Technical Institute in the 2nd quarter valued at about $721,000. Fortress Investment Group LLC bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $5,901,000. Finally, Jump Financial LLC raised its stake in Universal Technical Institute by 511.9% during the second quarter. Jump Financial LLC now owns 237,412 shares of the company’s stock worth $8,046,000 after acquiring an additional 198,612 shares during the period. Institutional investors own 75.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings downgraded shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Barrington Research restated an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

About Universal Technical Institute

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.