Insider Buying: Universal Technical Institute, Inc. (UTI) Insider Buys 6,499 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) insider Kimberly J. Mcwaters purchased 6,499 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were purchased at an average cost of $2.67 per share, for a total transaction of $17,352.33. Following the completion of the acquisition, the insider now directly owns 710,061 shares of the company’s stock, valued at approximately $1,895,862.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Universal Technical Institute, Inc. (UTI) traded down $0.05 on Wednesday, reaching $2.56. 43,381 shares of the company’s stock traded hands, compared to its average volume of 51,579. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $63.77, a P/E ratio of -4.74 and a beta of 3.49. Universal Technical Institute, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $3.87.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Thursday, November 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.11). The company had revenue of $81.33 million for the quarter. Universal Technical Institute had a negative net margin of 2.51% and a negative return on equity of 5.65%. sell-side analysts expect that Universal Technical Institute, Inc. will post -0.39 earnings per share for the current fiscal year.

A number of analysts recently issued reports on UTI shares. Zacks Investment Research downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Piper Jaffray Companies reissued a “hold” rating on shares of Universal Technical Institute in a report on Friday, December 1st. Finally, ValuEngine downgraded shares of Universal Technical Institute from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st.

Institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in Universal Technical Institute during the third quarter valued at $289,000. Alyeska Investment Group L.P. lifted its holdings in Universal Technical Institute by 52.5% during the third quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock valued at $1,998,000 after purchasing an additional 198,298 shares in the last quarter. Quantum Capital Management lifted its holdings in Universal Technical Institute by 1,477.3% during the third quarter. Quantum Capital Management now owns 173,177 shares of the company’s stock valued at $601,000 after purchasing an additional 162,198 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Universal Technical Institute during the second quarter valued at $426,000. Finally, Skylands Capital LLC lifted its holdings in Universal Technical Institute by 44.3% during the third quarter. Skylands Capital LLC now owns 108,000 shares of the company’s stock valued at $375,000 after purchasing an additional 33,150 shares in the last quarter. 57.11% of the stock is currently owned by institutional investors and hedge funds.

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About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

Insider Buying and Selling by Quarter for Universal Technical Institute (NYSE:UTI)

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