Shannon Lei Okinaka Sells 10,000 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) Director Shannon Lei Okinaka sold 10,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $34.74, for a total transaction of $347,400.00. Following the completion of the sale, the director directly owned 19,808 shares in the company, valued at approximately $688,129.92. This represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Universal Technical Institute Trading Up 0.6%

Shares of UTI traded up $0.21 during trading hours on Monday, hitting $35.20. 557,880 shares of the stock were exchanged, compared to its average volume of 983,980. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $38.02. The business has a 50-day moving average of $29.52 and a 200-day moving average of $28.71. The firm has a market capitalization of $1.94 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 3.03 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.14 and a quick ratio of 1.14.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $220.84 million for the quarter, compared to analyst estimates of $216.65 million. Universal Technical Institute had a net margin of 6.28% and a return on equity of 16.98%. On average, research analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.

Hedge Funds Weigh In On Universal Technical Institute

Hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute in the second quarter worth approximately $27,000. Penserra Capital Management LLC purchased a new stake in Universal Technical Institute in the 2nd quarter valued at $28,000. KBC Group NV bought a new position in Universal Technical Institute during the 2nd quarter valued at $34,000. Clearstead Advisors LLC boosted its holdings in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after acquiring an additional 943 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Universal Technical Institute by 17,142.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock valued at $41,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analysts Set New Price Targets

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

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.