Universal Technical Institute (NYSE:UTI) Trading Down 6.8% – Time to Sell?

Universal Technical Institute Inc (NYSE:UTI) dropped 6.8% during trading on Monday . The company traded as low as $36.31 and last traded at $36.4740. Approximately 639,601 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 892,036 shares. The stock had previously closed at $39.14.

Analyst Ratings Changes

UTI has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research report on Thursday, April 30th. Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Barrington Research upped their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Universal Technical Institute Trading Up 0.9%

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 $2.14 billion, a price-to-earnings ratio of 50.40, a P/E/G ratio of 3.37 and a beta of 1.25. The company has a 50 day moving average price of $38.27 and a two-hundred day moving average price of $33.02.

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 during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. On average, research analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda J. Srere sold 15,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,018,500 shares of company stock valued at $124,904,320 in the last three months. 9.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Leuthold Group LLC increased 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 worth $3,704,000 after buying an additional 439 shares during the period. Verition Fund Management LLC increased 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 worth $685,000 after buying an additional 441 shares during the period. ANB Bank increased 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 worth $323,000 after buying an additional 491 shares during the period. Engineers Gate Manager LP increased 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 worth $417,000 after buying an additional 506 shares during the period. Finally, SkyView Investment Advisors LLC increased its position in Universal Technical Institute by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after buying an additional 506 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.