Universal Technical Institute, Inc. (NYSE:UTI) Shares Sold by Coliseum Capital Management LLC

Coliseum Capital Management LLC decreased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,850,636 shares of the company's stock after selling 2,483,579 shares during the period. Universal Technical Institute makes up 14.5% of Coliseum Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Coliseum Capital Management LLC owned 12.60% of Universal Technical Institute worth $176,130,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in Universal Technical Institute by 11.5% during the fourth quarter. Deutsche Bank AG now owns 116,447 shares of the company's stock valued at $2,994,000 after purchasing an additional 11,988 shares during the last quarter. Dumac Inc. acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at $43,236,000. Divisadero Street Capital Management LP acquired a new stake in Universal Technical Institute during the 4th quarter worth about $6,685,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Universal Technical Institute during the fourth quarter valued at approximately $828,000. Finally, Bosun Asset Management LLC boosted its stake in Universal Technical Institute by 18.0% in the 4th quarter. Bosun Asset Management LLC now owns 59,581 shares of the company's stock worth $1,532,000 after purchasing an additional 9,085 shares during the period. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Stock Up 4.6 %

UTI traded up $1.51 during midday trading on Friday, hitting $34.28. 1,336,729 shares of the company's stock traded hands, compared to its average volume of 561,460. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $1.86 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.57. The stock's fifty day simple moving average is $27.38 and its 200-day simple moving average is $25.71. Universal Technical Institute, Inc. has a one year low of $13.66 and a one year high of $34.50.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. The business had revenue of $207.45 million during the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities analysts anticipate that Universal Technical Institute, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the subject of a number of research analyst reports. Northland Securities increased their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Rosenblatt Securities restated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday. Barrington Research upped their target price on Universal Technical Institute from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday. B. Riley started coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 price target for the company. Finally, Lake Street Capital upped their price objective on shares of Universal Technical Institute from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $33.00.

Insider Transactions at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the transaction, the director now directly owns 34,917 shares in the company, valued at approximately $963,360.03. This trade represents a 18.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sherrell Smith sold 36,773 shares of Universal Technical Institute stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the completion of the transaction, the executive vice president now owns 227,358 shares in the company, valued at $6,065,911.44. This trade represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,524 shares of company stock worth $2,578,450. 15.10% of the stock is owned by corporate insiders.

Universal Technical Institute 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.