Universal Technical Institute (NYSE:UTI) Director Linda Srere Sells 15,000 Shares

Universal Technical Institute Inc (NYSE:UTI) Director Linda Srere sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the transaction, the director directly owned 127,564 shares in the company, valued at $4,667,566.76. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Universal Technical Institute Price Performance

UTI stock opened at $39.79 on Thursday. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $40.41. The company’s fifty day moving average price is $36.57 and its 200-day moving average price is $31.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $2.19 billion, a PE ratio of 51.68, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. On average, equities analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rosenblatt Securities lifted their price objective 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. Barrington Research lifted their price objective 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 objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. 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. Finally, Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Verdence Capital Advisors LLC raised its stake in shares of Universal Technical Institute by 3.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,259 shares of the company’s stock worth $383,000 after acquiring an additional 367 shares in the last quarter. Leuthold Group LLC raised its position in Universal Technical Institute by 0.3% during the fourth quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock valued at $3,704,000 after acquiring an additional 439 shares in the last quarter. Verition Fund Management LLC raised its position in Universal Technical Institute by 2.1% during the third quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after acquiring an additional 441 shares in the last quarter. ANB Bank raised its position in Universal Technical Institute by 5.8% during the first quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after acquiring an additional 491 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in Universal Technical Institute by 4.3% during the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after acquiring an additional 506 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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.