Universal Technical Institute (NYSE:UTI) Director Sells $548,850.00 in Stock

Universal Technical Institute Inc (NYSE:UTI) Director Linda Srere sold 15,000 shares of Universal Technical Institute stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares in the company, valued at $4,667,566.76. This represents a 10.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $39.62 on Friday. The business’s 50 day simple moving average is $36.72 and its 200-day simple moving average is $31.11. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 51.46, a price-to-earnings-growth ratio of 3.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.14. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $41.53.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UTI. Coliseum Capital Management LLC raised its holdings 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 valued at $103,774,000 after acquiring an additional 1,255,173 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Universal Technical Institute by 1,366.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after buying an additional 1,203,985 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying an additional 1,140,465 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Universal Technical Institute by 65.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock valued at $41,797,000 after buying an additional 631,070 shares during the period. Finally, Nuveen LLC grew its stake in shares of Universal Technical Institute by 168.8% during the 4th quarter. Nuveen LLC now owns 995,323 shares of the company’s stock valued at $26,008,000 after buying an additional 625,102 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UTI shares. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Griffin Securities set a $49.00 price target on Universal Technical Institute in a research note on Thursday, April 30th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Northland Securities set a $41.00 price target on Universal Technical Institute in a research note on Thursday, May 7th. Finally, Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Universal Technical Institute has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.