Universal Technical Institute Inc (NYSE:UTI – Get Free Report) Director Coliseum Capital Management, L bought 355,236 shares of Universal Technical Institute stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average cost of $24.81 per share, for a total transaction of $8,813,405.16. Following the acquisition, the director owned 3,779,610 shares in the company, valued at $93,772,124.10. The trade was a 10.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Coliseum Capital Management, L also recently made the following trade(s):
- On Friday, December 5th, Coliseum Capital Management, L purchased 191,830 shares of Universal Technical Institute stock. The shares were purchased at an average cost of $25.38 per share, for a total transaction of $4,868,645.40.
- On Monday, December 1st, Coliseum Capital Management, L acquired 241,087 shares of Universal Technical Institute stock. The stock was acquired at an average cost of $23.79 per share, with a total value of $5,735,459.73.
- On Tuesday, December 2nd, Coliseum Capital Management, L bought 467,020 shares of Universal Technical Institute stock. The shares were acquired at an average price of $24.40 per share, with a total value of $11,395,288.00.
Universal Technical Institute Trading Down 2.4%
Universal Technical Institute stock opened at $25.45 on Friday. The firm’s 50-day moving average is $29.16 and its 200-day moving average is $30.29. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.07. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $36.32. The company has a market cap of $1.39 billion, a P/E ratio of 22.33, a PEG ratio of 2.28 and a beta of 1.37.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in UTI. Envestnet Asset Management Inc. increased its position in shares of Universal Technical Institute by 92.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,232 shares of the company’s stock worth $391,000 after purchasing an additional 7,337 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Universal Technical Institute by 6.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company’s stock worth $331,000 after acquiring an additional 783 shares in the last quarter. Vanguard Group Inc. grew its position in Universal Technical Institute by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company’s stock worth $78,392,000 after acquiring an additional 306,984 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Universal Technical Institute by 8.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 381,650 shares of the company’s stock valued at $9,801,000 after purchasing an additional 31,020 shares in the last quarter. Finally, Cynosure Group LLC bought a new stake in shares of Universal Technical Institute during the first quarter worth $324,000. 75.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
UTI has been the subject of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Universal Technical Institute in a research report on Monday. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, November 20th. Zacks Research cut Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.
Get Our Latest Stock Analysis on Universal Technical Institute
Universal Technical Institute Company Profile
Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.
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