Universal Technical Institute, Inc. (NYSE:UTI – Get Rating) Director Coliseum Capital Management, L acquired 63,896 shares of the company's stock in a transaction on Tuesday, December 27th. The shares were bought at an average cost of $6.24 per share, with a total value of $398,711.04. Following the acquisition, the director now directly owns 280,615 shares in the company, valued at $1,751,037.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Coliseum Capital Management, L also recently made the following trade(s):
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Universal Technical Institute alerts:
- On Thursday, December 29th, Coliseum Capital Management, L acquired 78,889 shares of Universal Technical Institute stock. The shares were bought at an average cost of $6.59 per share, with a total value of $519,878.51.
- On Friday, December 16th, Coliseum Capital Management, L acquired 82,827 shares of Universal Technical Institute stock. The shares were bought at an average cost of $6.31 per share, with a total value of $522,638.37.
- On Wednesday, December 14th, Coliseum Capital Management, L bought 70,919 shares of Universal Technical Institute stock. The shares were acquired at an average price of $6.20 per share, for a total transaction of $439,697.80.
Universal Technical Institute Price Performance
NYSE UTI opened at $6.72 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50 day moving average price is $6.87 and its 200-day moving average price is $6.87. Universal Technical Institute, Inc. has a 52-week low of $5.27 and a 52-week high of $11.45. The company has a market cap of $226.97 million, a PE ratio of 12.22, a P/E/G ratio of 2.86 and a beta of 0.87.
Universal Technical Institute (NYSE:UTI – Get Rating) last released its quarterly earnings data on Monday, December 12th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Universal Technical Institute had a net
margin of 6.17% and a return on equity of 22.15%. Sell-side analysts forecast that Universal Technical Institute, Inc. will post 0.15 EPS for the current fiscal year.
Institutional Investors Weigh In On Universal Technical Institute
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Universal Technical Institute by 13.3% in the third quarter. BlackRock Inc. now owns 2,038,082 shares of the company's stock worth $11,086,000 after buying an additional 238,614 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Universal Technical Institute by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,537,294 shares of the company's stock worth $13,605,000 after buying an additional 10,993 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Universal Technical Institute by 19.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,362,191 shares of the company's stock worth $7,411,000 after buying an additional 222,349 shares during the last quarter. Private Management Group Inc. purchased a new position in shares of Universal Technical Institute in the third quarter worth $7,193,000. Finally, Putnam Investments LLC raised its holdings in shares of Universal Technical Institute by 0.4% during the third quarter. Putnam Investments LLC now owns 748,103 shares of the company's stock worth $4,070,000 after purchasing an additional 2,899 shares during the last quarter. 76.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on UTI shares. Lake Street Capital decreased their target price on shares of Universal Technical Institute from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, December 13th. Barrington Research decreased their target price on shares of Universal Technical Institute from $14.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 13th. Rosenblatt Securities decreased their target price on shares of Universal Technical Institute from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, December 13th. StockNews.com upgraded shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, TheStreet raised shares of Universal Technical Institute from a "c+" rating to a "b-" rating in a research report on Wednesday, December 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $10.60.
About Universal Technical Institute
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Universal Technical Institute, Inc provides transportation and technical training programs in the United States. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.
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