Universal Technical Institute (NYSE:UTI) CAO Christine Kline Sells 3,500 Shares

Universal Technical Institute Inc (NYSE:UTI) CAO Christine Kline sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Universal Technical Institute Stock Performance

Shares of UTI opened at $43.05 on Tuesday. The stock has a 50 day moving average price of $37.96 and a 200 day moving average price of $32.28. 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 capitalization of $2.37 billion, a price-to-earnings ratio of 55.91, a price-to-earnings-growth ratio of 3.82 and a beta of 1.25. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Research analysts predict that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently made changes to their positions in the stock. Leuthold Group LLC boosted its position in shares of Universal Technical Institute by 0.3% during the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after purchasing an additional 439 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Universal Technical Institute by 2.1% in the third quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after buying an additional 441 shares in the last quarter. ANB Bank increased its position in shares of Universal Technical Institute by 5.8% in the first quarter. ANB Bank now owns 8,960 shares of the company’s stock valued at $323,000 after buying an additional 491 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock valued at $417,000 after buying an additional 506 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of Universal Technical Institute by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after buying an additional 506 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 7th. Finally, Barrington Research upped their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Three 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 currently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

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.