Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell Sells 30,000 Shares of Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute 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 owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $25.87 on Friday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.80 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $18.11 and its 200-day simple moving average is $16.96. Universal Technical Institute, Inc. has a 52 week low of $10.46 and a 52 week high of $26.43.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UTI shares. Lake Street Capital increased their price target on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley upped their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barrington Research lifted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Rosenblatt Securities increased their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Seven 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 a consensus price target of $25.33.

Institutional Trading of Universal Technical Institute

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Universal Technical Institute by 55.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after buying an additional 842,765 shares in the last quarter. American International Group Inc. boosted its position in shares of Universal Technical Institute by 19.6% during the first quarter. American International Group Inc. now owns 19,494 shares of the company’s stock worth $311,000 after acquiring an additional 3,194 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Universal Technical Institute during the first quarter valued at $181,000. Price T Rowe Associates Inc. MD increased its holdings in Universal Technical Institute by 11.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock valued at $532,000 after acquiring an additional 3,446 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Universal Technical Institute by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock valued at $1,254,000 after acquiring an additional 2,798 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

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.