Universal Technical Institute (NYSE:UTI) Trading Down 6.8% – Should You Sell?

Universal Technical Institute Inc (NYSE:UTI) dropped 6.8% on Monday . The company traded as low as $36.31 and last traded at $36.4740. Approximately 639,601 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 892,036 shares. The stock had previously closed at $39.14.

Analyst Upgrades and Downgrades

UTI has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. Rosenblatt Securities upped their price target on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.25.

Universal Technical Institute Stock Down 6.3%

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 $2.02 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 3.43 and a beta of 1.25. The business’s 50 day simple moving average is $38.19 and its 200 day simple moving average is $32.71.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The company had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. As a group, analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Insider Buying and Selling

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the transaction, the director owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda J. Srere sold 15,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $36.59, for a total value of $548,850.00. Following the transaction, the director owned 127,564 shares in the company, valued at approximately $4,667,566.76. This trade represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,023,500 shares of company stock worth $125,087,270. 9.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UTI. Glenmede Trust Co. NA acquired a new stake in shares of Universal Technical Institute in the first quarter worth $234,000. Bank of America Corp DE grew its stake in shares of Universal Technical Institute by 65.3% in the first quarter. Bank of America Corp DE now owns 254,586 shares of the company’s stock worth $9,191,000 after acquiring an additional 100,570 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Universal Technical Institute by 28.3% during the first quarter. Janus Henderson Group PLC now owns 25,399 shares of the company’s stock worth $917,000 after buying an additional 5,599 shares in the last quarter. California State Teachers Retirement System boosted its stake in Universal Technical Institute by 31.3% during the first quarter. California State Teachers Retirement System now owns 67,239 shares of the company’s stock worth $2,427,000 after buying an additional 16,040 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Universal Technical Institute by 6.9% during the first quarter. The Manufacturers Life Insurance Company now owns 24,449 shares of the company’s stock worth $883,000 after buying an additional 1,583 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

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.