Universal Technical Institute (NYSE:UTI) CAO Sells $155,470.00 in Stock

Universal Technical Institute Inc (NYSE:UTI) CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Universal Technical Institute Stock Performance

NYSE:UTI traded down $0.52 during mid-day trading on Monday, reaching $43.05. The stock had a trading volume of 566,004 shares, compared to its average volume of 1,521,075. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 3.82 and a beta of 1.25. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $45.74. The business has a 50 day simple moving average of $37.96 and a 200 day simple moving average of $32.28.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The firm had revenue of $221.40 million during 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%. On average, analysts expect that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute in the 2nd quarter worth about $27,000. PNC Financial Services Group Inc. boosted its position in shares of Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after buying an additional 750 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after buying an additional 943 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter worth about $57,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after buying an additional 5,310 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UTI has been the topic of a number of recent analyst reports. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 30th. 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. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 7th. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.