Universal Technical Institute (NYSE:UTI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Universal Technical Institute Inc (NYSE:UTI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.68 and traded as high as $39.10. Universal Technical Institute shares last traded at $37.2340, with a volume of 1,244,552 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UTI shares. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Rosenblatt Securities lifted their price target on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Universal Technical Institute in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Universal Technical Institute Price Performance

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.05 billion, a PE ratio of 48.36, a P/E/G ratio of 3.28 and a beta of 1.28. The stock has a 50-day simple moving average of $37.33 and a 200 day simple moving average of $31.68.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The company had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Equities analysts expect that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Insider Buying and Selling

In related news, Director George W. Brochick sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $36.59, for a total value of $182,950.00. Following the sale, the director owned 27,516 shares in the company, valued at approximately $1,006,810.44. The trade was a 15.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda J. Srere sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the completion of the sale, the director owned 127,564 shares in the company, valued at $4,667,566.76. This represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 99,171 shares of company stock valued at $3,645,939. 9.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute in the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. raised its holdings in shares of Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter valued at $57,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after buying an additional 5,310 shares during the period. 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.