Universal Technical Institute Inc (NYSE:UTI – Get Free Report) Director Coliseum Capital Management, L bought 191,830 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were purchased at an average price of $25.38 per share, for a total transaction of $4,868,645.40. Following the completion of the transaction, the director owned 3,971,440 shares of the company’s stock, valued at $100,795,147.20. This represents a 5.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Coliseum Capital Management, L also recently made the following trade(s):
- On Wednesday, December 3rd, Coliseum Capital Management, L purchased 355,236 shares of Universal Technical Institute stock. The stock was purchased at an average price of $24.81 per share, with a total value of $8,813,405.16.
- On Monday, December 1st, Coliseum Capital Management, L purchased 241,087 shares of Universal Technical Institute stock. The shares were purchased at an average cost of $23.79 per share, with a total value of $5,735,459.73.
- On Tuesday, December 2nd, Coliseum Capital Management, L acquired 467,020 shares of Universal Technical Institute stock. The stock was acquired at an average cost of $24.40 per share, for a total transaction of $11,395,288.00.
Universal Technical Institute Price Performance
NYSE:UTI traded down $0.63 during mid-day trading on Friday, hitting $25.45. 1,510,215 shares of the company’s stock traded hands, compared to its average volume of 851,871. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $1.39 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.37. The firm’s 50 day simple moving average is $29.16 and its 200 day simple moving average is $30.29. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $36.32.
Institutional Trading of Universal Technical Institute
Institutional investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co increased its holdings in shares of Universal Technical Institute by 15.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 26,503 shares of the company’s stock worth $869,000 after buying an additional 3,639 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Universal Technical Institute by 95.7% during the third quarter. Alyeska Investment Group L.P. now owns 822,533 shares of the company’s stock worth $26,773,000 after acquiring an additional 402,250 shares during the last quarter. Wasatch Advisors LP increased its stake in Universal Technical Institute by 22.5% during the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after acquiring an additional 433,824 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Universal Technical Institute by 2.1% in the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after purchasing an additional 441 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its stake in shares of Universal Technical Institute by 14.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,162,277 shares of the company’s stock valued at $37,832,000 after purchasing an additional 146,117 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on UTI. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, November 20th. Rosenblatt Securities restated a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Universal Technical Institute in a research note on Monday. Zacks Research lowered shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Finally, Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.83.
Check Out Our Latest Analysis on Universal Technical Institute
About Universal Technical Institute
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.
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