Kimberly J. Mcwaters Sells 40,000 Shares of Universal Technical Institute, Inc. (NYSE:UTI) Stock

Universal Technical Institute, Inc. (NYSE:UTI) Director Kimberly J. Mcwaters sold 40,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $6.71, for a total transaction of $268,400.00. Following the sale, the director now directly owns 337,953 shares in the company, valued at $2,267,664.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NYSE:UTI traded up $0.01 during trading hours on Wednesday, reaching $6.61. The company’s stock had a trading volume of 132,345 shares, compared to its average volume of 288,425. The company has a market cap of $215.56 million, a price-to-earnings ratio of -60.27 and a beta of 0.91. Universal Technical Institute, Inc. has a one year low of $2.75 and a one year high of $9.76. The business’s 50-day moving average is $7.39 and its 200-day moving average is $6.70.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.31). Universal Technical Institute had a negative return on equity of 3.19% and a net margin of 2.25%. Sell-side analysts forecast that Universal Technical Institute, Inc. will post -0.14 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Engineers Gate Manager LP boosted its holdings in Universal Technical Institute by 158.5% in the first quarter. Engineers Gate Manager LP now owns 42,855 shares of the company’s stock worth $255,000 after purchasing an additional 26,275 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Universal Technical Institute in the first quarter worth $111,000. Parametric Portfolio Associates LLC bought a new stake in Universal Technical Institute in the first quarter worth $1,189,000. Geode Capital Management LLC boosted its holdings in Universal Technical Institute by 27.0% in the first quarter. Geode Capital Management LLC now owns 186,944 shares of the company’s stock worth $1,111,000 after purchasing an additional 39,764 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in Universal Technical Institute in the second quarter worth $1,022,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

UTI has been the topic of a number of research reports. ValuEngine raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. Barrington Research reaffirmed a “buy” rating and issued a $9.00 price target on shares of Universal Technical Institute in a research note on Tuesday. Zacks Investment Research downgraded shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 1st. Argus dropped their price target on shares of Universal Technical Institute from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Finally, TheStreet downgraded shares of Universal Technical Institute from a “b-” rating to a “c+” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Universal Technical Institute has a consensus rating of “Buy” and an average price target of $9.04.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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

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