Key Points
- Shannon Lei Okinaka sold 10,000 UTI shares on March 6 at an average price of $34.74 for $347,400, leaving her with 19,808 shares — a 33.55% reduction in her ownership.
- UTI beat expectations in its Feb. 4 quarter with EPS $0.23 (vs. $0.15 est.) and revenue $220.84M (vs. $216.65M), reporting a 16.98% return on equity and a 6.28% net margin.
- Analysts give UTI an average "Moderate Buy" rating with a $36.20 consensus price target, and institutional investors now own about 75.67% of the company, with several funds recently increasing stakes.
Universal Technical Institute Inc (NYSE:UTI - Get Free Report) Director Shannon Lei Okinaka sold 10,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.74, for a total value of $347,400.00. Following the completion of the transaction, the director owned 19,808 shares of the company's stock, valued at $688,129.92. This represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Universal Technical Institute Stock Performance
Shares of UTI stock opened at $35.20 on Tuesday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.03 and a beta of 1.31. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The business's 50-day moving average price is $29.52 and its 200-day moving average price is $28.71. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $38.02.
Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $220.84 million during the quarter, compared to the consensus estimate of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. Equities research analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, February 5th. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, February 5th. Wall Street Zen upgraded Universal Technical Institute from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings lowered Universal Technical Institute from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 6th. Finally, Zacks Research raised Universal Technical Institute from a "strong sell" rating to a "hold" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Universal Technical Institute presently has an average rating of "Moderate Buy" and a consensus price target of $36.20.
Read Our Latest Report on Universal Technical Institute
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in UTI. Coliseum Capital Management LLC boosted its stake in shares of Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company's stock valued at $103,774,000 after purchasing an additional 1,255,173 shares during the last quarter. Vanguard Group Inc. raised its stake in Universal Technical Institute by 4.3% during the third quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company's stock worth $112,508,000 after buying an additional 141,426 shares during the last quarter. Wasatch Advisors LP raised its stake in Universal Technical Institute by 22.5% during the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company's stock worth $76,851,000 after buying an additional 433,824 shares during the last quarter. Congress Asset Management Co. lifted its holdings in Universal Technical Institute by 11.2% in the third quarter. Congress Asset Management Co. now owns 2,076,255 shares of the company's stock valued at $67,582,000 after buying an additional 209,476 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company's stock valued at $52,217,000 after buying an additional 1,140,465 shares during the period. Institutional investors own 75.67% of the company's stock.
About Universal Technical Institute
(
Get Free Report)
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.
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