Insider Selling: Universal Technical Institute (NYSE:UTI) SVP Sells 1,750 Shares of Stock

Universal Technical Institute Inc (NYSE:UTI) SVP Carolyn Ann Frank sold 1,750 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $30.08, for a total transaction of $52,640.00. Following the transaction, the senior vice president owned 30,272 shares of the company’s stock, valued at approximately $910,581.76. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Technical Institute Price Performance

UTI stock traded up $0.71 during trading on Tuesday, hitting $31.06. The stock had a trading volume of 1,716,035 shares, compared to its average volume of 716,301. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $36.32. The company’s 50-day moving average price is $27.11 and its two-hundred day moving average price is $28.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $1.71 billion, a P/E ratio of 32.02, a PEG ratio of 2.63 and a beta of 1.36.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $220.84 million during the quarter, compared to analysts’ expectations of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. As a group, research analysts predict that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the subject of a number of research reports. Weiss Ratings lowered shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Barrington Research restated an “outperform” rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Rosenblatt Securities reissued a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Institutional Trading of Universal Technical Institute

Several institutional investors have recently made changes to their positions in UTI. Coliseum Capital Management LLC lifted its holdings in Universal Technical Institute by 46.2% in the fourth 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. Park West Asset Management LLC increased its stake in Universal Technical Institute by 6.3% during the fourth quarter. Park West Asset Management LLC now owns 496,923 shares of the company’s stock worth $12,985,000 after acquiring an additional 29,650 shares during the last quarter. Trexquant Investment LP raised its position in Universal Technical Institute by 64.0% in the fourth quarter. Trexquant Investment LP now owns 131,342 shares of the company’s stock valued at $3,432,000 after purchasing an additional 51,272 shares during the period. Laurion Capital Management LP acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at $637,000. Finally, Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 631,070 shares during the last quarter. Hedge funds and other institutional investors 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.