Universal Technical Institute (NYSE:UTI) Trading Down 6.8% – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UTI shares. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research boosted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Rosenblatt Securities boosted their price target on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 7th. Finally, 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. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Universal Technical Institute has an average rating of “Moderate Buy” and an average price target of $44.25.

Universal Technical Institute Price Performance

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 company’s 50 day moving average price is $38.19 and its 200 day moving average price is $32.71. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 47.64, a P/E/G ratio of 3.43 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last issued 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 company had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. On average, equities research analysts predict that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was 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 of the company’s stock, valued at approximately $40,217,616. The trade was a 75.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $44.42, for a total value of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,023,500 shares of company stock valued at $125,087,270. 9.80% of the stock is owned by company insiders.

Institutional Trading of Universal Technical Institute

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Coliseum Capital Management LLC increased its stake in shares of Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock valued at $103,774,000 after acquiring an additional 1,255,173 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Universal Technical Institute by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock valued at $112,508,000 after acquiring an additional 141,426 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Universal Technical Institute by 22.5% in the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock valued at $76,851,000 after acquiring an additional 433,824 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Universal Technical Institute by 132.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after acquiring an additional 1,140,465 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Universal Technical Institute by 65.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock valued at $41,797,000 after acquiring an additional 631,070 shares during the last quarter. 75.67% of the stock is owned by institutional investors.

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.