Insider Selling: Rhonda R. Turner Unloads 2,340 Shares of Universal Technical Institute 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 shares were 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 of the company’s stock, valued at approximately $495,108. The transaction was disclosed in a filing with the SEC, which is available at this link.
Universal Technical Institute (NYSE:UTI) opened at 11.56 on Thursday. Universal Technical Institute has a 52 week low of $10.02 and a 52 week high of $15.16. The stock has a 50-day moving average of $11.53 and a 200-day moving average of $12.84. The company has a market cap of $285.0 million and a P/E ratio of 238.20.
Universal Technical Institute (NYSE:UTI) last posted its quarterly 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. Analysts expect that Universal Technical Institute will post $0.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend 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.