Universal Technical Institute (NYSE:UTI) Reaches New 12-Month Low – Here’s Why
by Danessa Lincoln · The Markets DailyUniversal Technical Institute Inc (NYSE:UTI – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $20.50 and last traded at $20.97, with a volume of 1304335 shares. The stock had previously closed at $20.85.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on UTI shares. B. Riley Financial dropped their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings raised Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Truist Financial lowered their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Barrington Research lifted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.83.
Get Our Latest Report on Universal Technical Institute
Universal Technical Institute Price Performance
The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $35.28 and its 200 day simple moving average is $36.52. The firm has a market capitalization of $1.15 billion, a P/E ratio of 33.82, a PEG ratio of 2.29 and a beta of 1.17.
Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. Sell-side analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.
Insider Buying and Selling at Universal Technical Institute
In related news, CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute 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 transaction, the chief executive officer owned 335,715 shares in the company, valued at $13,898,601. This trade represents a 21.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer owned 43,006 shares in the company, valued at approximately $1,910,326.52. The trade was a 7.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,102,545 shares of company stock worth $128,449,570 in the last quarter. 9.80% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Leuthold Group LLC lifted its stake in shares of Universal Technical Institute by 0.3% in the 4th quarter. Leuthold Group LLC now owns 141,748 shares of the company’s stock valued at $3,704,000 after acquiring an additional 439 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Universal Technical Institute by 2.1% during the 3rd quarter. Verition Fund Management LLC now owns 21,034 shares of the company’s stock valued at $685,000 after acquiring an additional 441 shares during the period. ANB Bank grew its position in Universal Technical Institute by 5.8% during the 1st quarter. ANB Bank now owns 8,960 shares of the company’s stock worth $323,000 after acquiring an additional 491 shares during the last quarter. Engineers Gate Manager LP grew its position in Universal Technical Institute by 4.3% during the 2nd 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 position in Universal Technical Institute by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company’s stock worth $1,460,000 after acquiring an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.
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.
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