Universal Technical Institute (NYSE:UTI) CAO Christine Kline Sells 3,500 Shares

Universal Technical Institute Inc (NYSE:UTI) CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock traded down $0.52 on Monday, hitting $43.05. The company’s stock had a trading volume of 566,004 shares, compared to its average volume of 1,521,075. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $45.74. 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 firm has a fifty day moving average price of $37.96 and a 200-day moving average price of $32.28. The company has a market capitalization of $2.37 billion, a P/E ratio of 55.91, a price-to-earnings-growth ratio of 3.82 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data 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 net margin of 4.91% and a return on equity of 13.02%. On average, equities research analysts expect that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Coliseum Capital Management LLC increased its stake in shares of Universal Technical Institute by 46.2% during 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. Vanguard Group Inc. increased its stake in shares of Universal Technical Institute by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock valued at $112,508,000 after acquiring an additional 141,426 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Universal Technical Institute by 22.5% during the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock valued at $76,851,000 after acquiring an additional 433,824 shares during the last quarter. Thrivent Financial for Lutherans increased 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 acquiring an additional 1,140,465 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased 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 acquiring an additional 631,070 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UTI shares. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a report on Thursday, April 30th. Rosenblatt Securities upped their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Finally, Barrington Research upped their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Universal Technical Institute Company Profile

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.