Universal Technical Institute (NYSE:UTI) Director Coliseum Capital Management, L Sells 3,000,000 Shares

Universal Technical Institute Inc (NYSE:UTI) Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Universal Technical Institute Stock Up 0.9%

Shares of Universal Technical Institute stock traded up $0.34 during midday trading on Wednesday, hitting $39.62. The company had a trading volume of 1,331,093 shares, compared to its average volume of 891,724. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $2.18 billion, a P/E ratio of 51.45, a P/E/G ratio of 3.77 and a beta of 1.25. The company has a 50 day moving average of $38.00 and a 200 day moving average of $32.35. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $45.74.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. On average, equities analysts predict that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UTI shares. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research report 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 report on Thursday, May 7th. Finally, Northland Securities set a $41.00 price target on Universal Technical Institute in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Institutional Trading of Universal Technical Institute

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake 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 worth $1,144,000 after buying an additional 14,364 shares in the last quarter. AQR Capital Management LLC bought a new position in Universal Technical Institute in the first quarter worth approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Universal Technical Institute by 23.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after buying an additional 5,216 shares in the last quarter. NewEdge Advisors LLC bought a new position in Universal Technical Institute in the first quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Universal Technical Institute by 13.4% in the first 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 in the last quarter. 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.