Jerome Alan Grant Sells 68,000 Shares of Universal Technical Institute, Inc. (NYSE:UTI) Stock

Universal Technical Institute, Inc. (NYSE:UTI) CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares in the company, valued at $2,391,845.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Universal Technical Institute Trading Down 0.3 %

UTI stock traded down $0.05 during midday trading on Friday, reaching $17.33. The stock had a trading volume of 306,939 shares, compared to its average volume of 593,687. The firm has a market cap of $932.37 million, a price-to-earnings ratio of 48.17, a PEG ratio of 1.64 and a beta of 1.26. Universal Technical Institute, Inc. has a twelve month low of $7.70 and a twelve month high of $19.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $16.77 and a two-hundred day simple moving average of $15.66.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The company had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, research analysts expect that Universal Technical Institute, Inc. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on UTI. Northland Securities boosted their price objective on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a report on Thursday. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and set a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Finally, B. Riley reissued a “buy” rating and issued a $22.00 price target (up previously from $20.00) on shares of Universal Technical Institute in a report on Thursday, May 30th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $21.60.

Institutional Trading of Universal Technical Institute

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its position in shares of Universal Technical Institute by 1,152.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock worth $39,000 after buying an additional 2,880 shares during the period. Strs Ohio grew its holdings in Universal Technical Institute by 56.8% during the fourth quarter. Strs Ohio now owns 33,400 shares of the company’s stock valued at $418,000 after purchasing an additional 12,100 shares during the period. New York State Common Retirement Fund increased its stake in Universal Technical Institute by 28.0% in the fourth quarter. New York State Common Retirement Fund now owns 10,493 shares of the company’s stock valued at $131,000 after purchasing an additional 2,296 shares in the last quarter. Bfsg LLC acquired a new stake in Universal Technical Institute in the fourth quarter worth $102,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Universal Technical Institute during the fourth quarter worth $949,000. Institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

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.