Universal Technical Institute SVP Sells $27,752 in Stock (UTI)
Universal Technical Institute (NYSE:UTI) SVP Rhonda R. Turner sold 2,340 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $11.86, for a total transaction of $27,752.40. Following the completion of the sale, the senior vice president now directly owns 41,746 shares in the company, valued at approximately $495,108. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Universal Technical Institute (NYSE:UTI) traded down 2.43% during mid-day trading on Wednesday, hitting $11.62. 11,210 shares of the company’s stock traded hands. Universal Technical Institute has a one year low of $10.02 and a one year high of $15.16. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $12.8. The company has a market cap of $286.5 million and a P/E ratio of 238.20.
Universal Technical Institute (NYSE:UTI) last announced its earnings results on Tuesday, April 29th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.03. The company had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.08 million. During the same quarter last year, the company posted ($0.04) earnings per share. Universal Technical Institute’s revenue was down .4% compared to the same quarter last year. On average, analysts predict that Universal Technical Institute will post $0.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Wednesday, June 18th.
Separately, analysts at Zacks downgraded shares of Universal Technical Institute from a “neutral” rating to an “underperform” rating in a research note on Friday, May 23rd. They now have a $10.00 price target on the stock.
Universal Technical Institute, Inc (NYSE:UTI) is the provider of postsecondary education for students seeking careers as professional automotive, diesels, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.