Universal Technical Institute, Inc. (NYSE:UTI) Director George W. Brochick Sells 8,000 Shares

Universal Technical Institute, Inc. (NYSE:UTI) Director George W. Brochick sold 8,000 shares of the business’s stock in a transaction on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $27.80 on Friday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.92 and a beta of 1.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.42. Universal Technical Institute, Inc. has a twelve month low of $13.66 and a twelve month high of $30.56. The company’s fifty day moving average is $26.86 and its 200 day moving average is $21.69.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) 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%. Sell-side analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current year.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors have recently added to or reduced their stakes in the business. Pullen Investment Management LLC increased its position in Universal Technical Institute by 46.4% in the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company’s stock valued at $2,453,000 after buying an additional 30,250 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 valued at $1,910,000 after acquiring an additional 17,768 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Universal Technical Institute by 27.2% during the fourth 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 in the last quarter. Tidal Investments LLC purchased a new position in shares of Universal Technical Institute in the 4th quarter worth approximately $210,000. Finally, Point72 Asset Management L.P. bought a new position in Universal Technical Institute in the 4th quarter valued at $7,638,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UTI has been the subject of several recent analyst reports. Barrington Research raised their target price on shares of Universal Technical Institute from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. B. Riley lifted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital boosted their price target on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Northland Securities raised their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities lifted their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Buy” and an average price target of $31.17.

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.