Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by Cannell Capital LLC

Cannell Capital LLC reduced its position in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407,449 shares of the company's stock after selling 81,604 shares during the period. Universal Technical Institute comprises approximately 7.4% of Cannell Capital LLC's holdings, making the stock its 3rd largest position. Cannell Capital LLC owned approximately 2.59% of Universal Technical Institute worth $36,186,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Independent Advisor Alliance increased its holdings in shares of Universal Technical Institute by 4.4% in the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company's stock valued at $313,000 after purchasing an additional 507 shares during the period. BNP Paribas Financial Markets increased its stake in Universal Technical Institute by 9.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock valued at $389,000 after buying an additional 2,083 shares during the period. Principal Financial Group Inc. increased its stake in Universal Technical Institute by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 26,623 shares of the company's stock valued at $684,000 after buying an additional 2,335 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company's stock worth $197,000 after buying an additional 2,596 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Universal Technical Institute by 380.6% during the 3rd quarter. Quarry LP now owns 3,859 shares of the company's stock valued at $63,000 after buying an additional 3,056 shares during the period. Institutional investors and hedge funds own 75.67% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on UTI shares. Barrington Research increased their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. B. Riley assumed coverage on Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 price target for the company. Rosenblatt Securities increased their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Lake Street Capital raised their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Northland Securities boosted their target price on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $32.17.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, EVP Sherrell Smith sold 10,000 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $26.95, for a total value of $269,500.00. Following the completion of the sale, the executive vice president now directly owns 157,663 shares of the company's stock, valued at $4,249,017.85. This represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $27.59, for a total transaction of $220,720.00. Following the transaction, the director now owns 34,917 shares in the company, valued at approximately $963,360.03. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,427 shares of company stock valued at $2,575,729 in the last 90 days. 15.10% of the stock is currently owned by insiders.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock traded down $0.21 on Friday, reaching $26.72. The stock had a trading volume of 553,701 shares, compared to its average volume of 556,577. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.14. The business's 50-day moving average price is $27.18 and its two-hundred day moving average price is $24.00. The stock has a market cap of $1.45 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.48. Universal Technical Institute, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $30.56.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.