Universal Technical Institute, Inc. (NYSE:UTI) COO Todd A. Hitchcock Sells 27,500 Shares

Universal Technical Institute, Inc. (NYSE:UTI) COO Todd A. Hitchcock sold 27,500 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the sale, the chief operating officer now owns 80,521 shares in the company, valued at $2,686,180.56. This represents a 25.46% 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 Trading Up 2.5%

NYSE UTI opened at $34.58 on Monday. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $35.49. The company has a 50-day moving average of $28.07 and a 200-day moving average of $26.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $1.88 billion, a P/E ratio of 35.65, a P/E/G ratio of 1.92 and a beta of 1.57.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. The company had revenue of $207.45 million during the quarter, compared to the consensus estimate of $196.63 million. As a group, equities analysts predict that Universal Technical Institute, Inc. will post 1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barrington Research upped their target price on shares of Universal Technical Institute from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. B. Riley assumed coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They issued a “buy” rating and a $31.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, May 8th. Northland Securities upped their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Lake Street Capital upped their target price on shares of Universal Technical Institute from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and a consensus target price of $33.00.

Institutional Trading of Universal Technical Institute

A number of institutional investors and hedge funds have recently bought and sold shares of UTI. Hennessy Advisors Inc. increased its position in Universal Technical Institute by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock worth $17,763,000 after purchasing an additional 44,100 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Universal Technical Institute during the 4th quarter worth approximately $1,041,000. Precision Wealth Strategies LLC acquired a new stake in Universal Technical Institute during the 4th quarter worth approximately $632,000. Rhumbline Advisers increased its position in Universal Technical Institute by 37.4% during the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock worth $1,836,000 after purchasing an additional 19,453 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Universal Technical Institute by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock worth $684,000 after purchasing an additional 2,335 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 provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.