Coliseum Capital Management, L Sells 3,000,000 Shares of Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute Inc (NYSE:UTI) Director Coliseum Capital Management, L sold 3,000,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the sale, the director directly owned 971,440 shares of the company’s stock, valued at approximately $40,217,616. The trade was a 75.54% 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 UTI opened at $40.70 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 52.86, a P/E/G ratio of 3.49 and a beta of 1.25. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $45.74. The company has a 50 day moving average of $38.15 and a 200-day moving average of $32.59. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $221.61 million. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. As a group, equities research analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently made changes to their positions in UTI. Newbridge Financial Services Group Inc. acquired a new stake in Universal Technical Institute during the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. lifted its holdings in shares of Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after buying an additional 750 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after buying an additional 943 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute during the first quarter worth $57,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Universal Technical Institute by 4,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after buying an additional 5,310 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Ratings Changes

UTI has been the subject of several research reports. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Barrington Research raised their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 30th. Rosenblatt Securities increased their price objective on Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Northland Securities set a $41.00 price objective on Universal Technical Institute in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average price target of $44.25.

About Universal Technical Institute

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.