Universal Technical Institute, Inc. (NYSE:UTI) major shareholder Stadium Capital Partners L. P sold 476,991 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $3.57, for a total value of $1,702,857.87. Following the transaction, the insider now owns 2,873,882 shares in the company, valued at approximately $10,259,758.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Universal Technical Institute, Inc. (NYSE:UTI) traded up 2.17% during midday trading on Monday, hitting $3.77. 67,041 shares of the stock traded hands. The firm’s 50 day moving average price is $3.42 and its 200 day moving average price is $2.66. Universal Technical Institute, Inc. has a 12-month low of $1.42 and a 12-month high of $5.38. The company’s market capitalization is $92.84 million.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. Universal Technical Institute had a negative return on equity of 31.43% and a negative net margin of 13.77%. The business earned $84.20 million during the quarter, compared to analyst estimates of $84.10 million. During the same period in the previous year, the firm earned ($0.07) EPS. Analysts expect that Universal Technical Institute, Inc. will post ($0.40) EPS for the current year.

Insider Buying and Selling by Quarter for Universal Technical Institute (NYSE:UTI)

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/insider-selling-universal-technical-institute-inc-uti-major-shareholder-sells-476991-shares-of-stock.html

Your IP Address:

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Universal Technical Institute by 11.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,091,000 shares of the company’s stock valued at $3,175,000 after buying an additional 108,200 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Universal Technical Institute by 42.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 258,000 shares of the company’s stock valued at $751,000 after buying an additional 77,500 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Universal Technical Institute during the fourth quarter valued at about $110,000. Institutional investors and hedge funds own 66.99% of the company’s stock.

Separately, Zacks Investment Research upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th.

About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

5 Day Chart for NYSE:UTI

Receive News & Ratings for Universal Technical Institute Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute Inc. and related companies with MarketBeat.com's FREE daily email newsletter.