Universal Technical Institute (NYSE:UTI) Sets New 1-Year Low – Here’s What Happened

Universal Technical Institute Inc (NYSE:UTI) shares hit a new 52-week low on Friday . The stock traded as low as $21.23 and last traded at $21.24, with a volume of 587775 shares. The stock had previously closed at $21.62.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial decreased their price target on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Griffin Securities set a $49.00 price objective on 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 note on Tuesday. B. Riley Financial lowered their target price on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Northland Securities set a $41.00 price target on Universal Technical Institute in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

Universal Technical Institute Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $36.78 and its two-hundred day moving average price is $36.69. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. Equities research analysts expect that Universal Technical Institute Inc will post 0.61 EPS for the current year.

Insider Buying and Selling

In other news, insider Kevin Prehn sold 4,545 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the sale, the insider directly owned 27,025 shares of the company’s stock, valued at $1,081,000. This trade represents a 14.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total value of $3,912,300.00. Following the completion of the sale, the chief executive officer directly owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This trade represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,102,545 shares of company stock worth $128,449,570 over the last three months. 9.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds and other institutional investors have recently modified their holdings of UTI. Leuthold Group LLC raised its stake in shares of Universal Technical Institute by 0.3% during the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock worth $3,704,000 after buying an additional 439 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Universal Technical Institute by 2.1% during the third quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock worth $685,000 after purchasing an additional 441 shares during the last quarter. ANB Bank boosted its stake in Universal Technical Institute by 5.8% in the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock worth $323,000 after buying an additional 491 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Universal Technical Institute by 4.3% in the second quarter. Engineers Gate Manager LP now owns 12,299 shares of the company’s stock worth $417,000 after acquiring an additional 506 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of Universal Technical Institute by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock valued at $1,460,000 after buying an additional 506 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

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.