Universal Technical Institute, Inc. (NYSE:UTI) Director Sells $777,600.00 in Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the sale, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Universal Technical Institute Price Performance

UTI opened at $25.87 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute, Inc. has a 52-week low of $10.46 and a 52-week high of $26.43. The company has a 50 day moving average of $18.30 and a two-hundred day moving average of $17.05. The company has a market cap of $1.39 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.79 and a beta of 1.34.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UTI. Truist Financial upped their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Northland Securities upped their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Rosenblatt Securities boosted their price objective on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Barrington Research boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute presently has an average rating of “Buy” and an average target price of $25.33.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its stake in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the period. RiverPark Advisors LLC purchased a new position in shares of Universal Technical Institute in the second quarter valued at $43,000. Quarry LP boosted its stake in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after purchasing an additional 3,815 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 95,120.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after purchasing an additional 9,512 shares during the period. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.