Universal Technical Institute (NYSE:UTI) Hits New 52-Week Low – Time to Sell?

Universal Technical Institute Inc (NYSE:UTI)’s share price hit a new 52-week low on Friday . The company traded as low as $21.23 and last traded at $21.24, with a volume of 587775 shares changing hands. The stock had previously closed at $21.62.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. 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 report on Thursday, May 7th. Truist Financial reduced their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Universal Technical Institute Trading Down 2.5%

The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a fifty day moving average of $36.78 and a 200-day moving average of $36.69.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The company had revenue of $218.91 million for the quarter, compared to analysts’ expectations of $220.40 million. As a group, equities analysts predict that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kevin Prehn sold 4,545 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the transaction, the insider directly owned 27,025 shares of the company’s stock, valued at approximately $1,081,000. The trade was a 14.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Christine Kline sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total value of $155,470.00. Following the completion of the transaction, the chief accounting officer owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,102,545 shares of company stock valued at $128,449,570. Corporate insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UTI. Royal Bank of Canada grew its holdings in Universal Technical Institute by 47.6% during the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC purchased a new position in Universal Technical Institute in the 1st quarter valued at about $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after buying an additional 5,216 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute during the first quarter valued at about $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Universal Technical Institute by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after acquiring an additional 9,951 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.