Universal Technical Institute (NYSE:UTI) Shares Gap Down – What’s Next?

Shares of Universal Technical Institute Inc (NYSE:UTI) gapped down before the market opened on Monday . The stock had previously closed at $21.47, but opened at $20.34. Universal Technical Institute shares last traded at $19.9850, with a volume of 208,140 shares traded.

Analysts Set New Price Targets

UTI has been the topic of a number of research analyst reports. B. Riley Financial lowered their price target on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Truist Financial decreased their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 6th. Northland Securities set a $35.00 target price on shares of Universal Technical Institute in a research note on Thursday, September 10th. Finally, Weiss Ratings upgraded shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Universal Technical Institute Trading Down 7.2%

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.10 billion, a P/E ratio of 32.12, a PEG ratio of 2.36 and a beta of 1.17. The firm’s 50-day simple moving average is $29.22 and its 200 day simple moving average is $35.52.

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

Insiders Place Their Bets

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the sale, the chief executive officer owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

A number of large investors have recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Universal Technical Institute in the 2nd quarter worth approximately $526,000. Baird Financial Group Inc. acquired a new stake in Universal Technical Institute during the 2nd quarter valued at $13,471,000. Nykredit A S acquired a new stake in Universal Technical Institute during the 2nd quarter valued at $25,000. HighTower Advisors LLC lifted its holdings in shares of Universal Technical Institute by 9.4% in the second quarter. HighTower Advisors LLC now owns 10,785 shares of the company’s stock valued at $461,000 after purchasing an additional 929 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Universal Technical Institute by 18.7% in the second quarter. Alyeska Investment Group L.P. now owns 1,075,771 shares of the company’s stock valued at $46,011,000 after purchasing an additional 169,513 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and training for careers in the transportation, skilled trades and energy industries. The company offers programs in automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, wind energy and other technical fields, combining classroom instruction with hands-on laboratory experience.

Universal Technical Institute operates through a portfolio of specialized school brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.