Universal Technical Institute (NYSE:UTI) Director Coliseum Capital Management, L Sells 3,000,000 Shares of Stock

Universal Technical Institute Inc (NYSE:UTI) Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the sale, the director directly owned 971,440 shares in the company, valued at $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Universal Technical Institute Trading Up 0.9%

Shares of UTI opened at $39.62 on Thursday. The firm’s 50 day simple moving average is $38.06 and its 200 day simple moving average is $32.46. The company has a market capitalization of $2.18 billion, a P/E ratio of 51.45, a P/E/G ratio of 3.45 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $45.74.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Leuthold Group LLC increased its stake in shares of Universal Technical Institute by 0.3% in the fourth quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after buying an additional 439 shares during the period. Verition Fund Management LLC increased its holdings in Universal Technical Institute by 2.1% during the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after purchasing an additional 441 shares during the period. ANB Bank increased its holdings in Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after purchasing an additional 491 shares during the period. Engineers Gate Manager LP increased its holdings in Universal Technical Institute by 4.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after purchasing an additional 506 shares during the period. Finally, SkyView Investment Advisors LLC increased its holdings in Universal Technical Institute by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after purchasing an additional 506 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UTI shares. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Barrington Research lifted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 7th. Finally, Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.25.

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.