Insider Selling: Universal Technical Institute, Inc. (NYSE:UTI) Director Sells 30,000 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the completion of the sale, the director now directly owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Universal Technical Institute Stock Performance

UTI stock traded down $0.17 during midday trading on Friday, hitting $25.87. 251,630 shares of the stock traded hands, compared to its average volume of 527,379. Universal Technical Institute, Inc. has a 1-year low of $10.46 and a 1-year high of $26.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $18.11 and its 200-day simple moving average is $16.96. The firm has a market cap of $1.39 billion, a P/E ratio of 34.85, a PEG ratio of 1.80 and a beta of 1.34.

Analysts Set New Price Targets

A number of research firms recently commented on UTI. Truist Financial lifted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Northland Securities lifted their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barrington Research boosted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $25.33.

Institutional Investors Weigh In On Universal Technical Institute

Several hedge funds have recently modified their holdings of UTI. Covestor Ltd raised its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the period. RiverPark Advisors LLC purchased a new position in Universal Technical Institute during the second quarter worth approximately $43,000. Quarry LP boosted its position in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares in the last quarter. International Assets Investment Management LLC boosted its position in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after purchasing an additional 3,815 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after purchasing an additional 9,512 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.