Kevin Prehn Sells 4,545 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the transaction, the insider owned 27,025 shares of the company’s stock, valued at $1,081,000. This represents a 14.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Universal Technical Institute Trading Up 1.6%

Universal Technical Institute stock opened at $40.00 on Friday. 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 firm has a 50-day moving average price of $38.80 and a two-hundred day moving average price of $33.67. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 51.95, a PEG ratio of 3.45 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 posted its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The firm had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. Sell-side analysts expect that Universal Technical Institute Inc will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Chatham Capital Group Inc. raised its stake in shares of Universal Technical Institute by 73.3% in the 4th quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock worth $1,790,000 after buying an additional 28,972 shares in the last quarter. UBS Group AG boosted its stake in Universal Technical Institute by 89.0% during the fourth quarter. UBS Group AG now owns 231,717 shares of the company’s stock valued at $6,055,000 after buying an additional 109,100 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Universal Technical Institute by 132.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying an additional 1,140,465 shares in the last quarter. Granahan Investment Management LLC boosted its stake in Universal Technical Institute by 107.7% during the third quarter. Granahan Investment Management LLC now owns 124,246 shares of the company’s stock valued at $4,044,000 after buying an additional 64,421 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Universal Technical Institute by 4.3% during the third quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock worth $112,508,000 after acquiring an additional 141,426 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on UTI. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Rosenblatt Securities raised their price target on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

About Universal Technical Institute

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.