Universal Technical Institute (NYSE:UTI) Shares Down 8% – Here’s What Happened

Universal Technical Institute Inc (NYSE:UTI) fell 8% on Monday . The stock traded as low as $26.52 and last traded at $26.6460. Approximately 2,040,300 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 959,656 shares. The stock had previously closed at $28.95.

Analyst Ratings Changes

A number of analysts have commented on the company. Northland Securities set a $41.00 target price on Universal Technical Institute in a research report on Thursday, May 7th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Barrington Research lifted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Finally, B. Riley Financial lowered their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.83.

Universal Technical Institute Price Performance

The firm has a market capitalization of $1.43 billion, a PE ratio of 41.84, a P/E/G ratio of 2.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50-day moving average price of $40.84 and a 200-day moving average price of $37.02.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results 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 net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Sell-side analysts forecast that Universal Technical Institute Inc will post 0.61 EPS for the current year.

Insiders Place Their Bets

In other Universal Technical Institute news, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction dated 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 sale, the chief accounting officer owned 43,006 shares in the company, valued at $1,910,326.52. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the sale, the director owned 971,440 shares of the company’s stock, valued at approximately $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,102,545 shares of company stock valued at $128,449,570 in the last quarter. Corporate insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

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