Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) EVP Sherrell Smith sold 39,446 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $27.85, for a total value of $1,098,571.10. Following the transaction, the executive vice president now directly owns 177,912 shares of the company's stock, valued at $4,954,849.20. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Sherrell Smith also recently made the following trade(s):
- On Monday, March 17th, Sherrell Smith sold 36,773 shares of Universal Technical Institute stock. The shares were sold at an average price of $26.68, for a total value of $981,103.64.
Universal Technical Institute Price Performance
UTI traded down $0.03 during trading on Tuesday, hitting $27.29. The company's stock had a trading volume of 365,852 shares, compared to its average volume of 507,977. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The firm's 50 day moving average price is $27.28 and its two-hundred day moving average price is $22.93. Universal Technical Institute, Inc. has a 12 month low of $13.66 and a 12 month high of $30.56.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.
Institutional Trading of Universal Technical Institute
A number of hedge funds and other institutional investors have recently modified their holdings of UTI. Arcadia Wealth Management Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $713,000. Pullen Investment Management LLC increased its position in Universal Technical Institute by 46.4% in the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after purchasing an additional 30,250 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Universal Technical Institute by 31.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,272 shares of the company's stock worth $1,910,000 after purchasing an additional 17,768 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Universal Technical Institute by 27.2% in the 4th quarter. Two Sigma Investments LP now owns 87,074 shares of the company's stock valued at $2,239,000 after purchasing an additional 18,625 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Universal Technical Institute in the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 75.67% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on UTI shares. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Northland Securities increased their price target 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. Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Barrington Research upped their price objective on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $31.17.
Check Out Our Latest Stock Report on Universal Technical Institute
About Universal Technical Institute
(
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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.
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