Register Financial Advisors LLC Sells 8,000 Shares of Universal Technical Institute Inc (NYSE:UTI)

Register Financial Advisors LLC lessened its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 40.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the company's stock after selling 8,000 shares during the period. Register Financial Advisors LLC's holdings in Universal Technical Institute were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UTI. Covestor Ltd grew its stake in shares of Universal Technical Institute by 24.4% in the 4th quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after purchasing an additional 388 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Universal Technical Institute in the fourth quarter valued at $79,000. USA Financial Formulas bought a new stake in Universal Technical Institute in the first quarter valued at $84,000. Lazard Asset Management LLC acquired a new position in Universal Technical Institute during the fourth quarter worth $101,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Universal Technical Institute during the fourth quarter valued at $118,000. Institutional investors own 75.67% of the company's stock.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 27,500 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total value of $917,400.00. Following the transaction, the chief operating officer now directly owns 80,521 shares of the company's stock, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George W. Brochick sold 6,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the sale, the director now owns 32,516 shares of the company's stock, valued at $1,035,309.44. The trade was a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,805 shares of company stock worth $1,116,995 over the last 90 days. Insiders own 15.10% of the company's stock.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock traded down $0.47 during midday trading on Tuesday, reaching $34.30. The company had a trading volume of 481,719 shares, compared to its average volume of 601,955. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $32.15 and a 200 day simple moving average of $28.60. Universal Technical Institute Inc has a 1-year low of $13.91 and a 1-year high of $36.32. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 2.10 and a beta of 1.61.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. The firm had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. As a group, equities research analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Analysts Set New Price Targets

UTI has been the topic of several analyst reports. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. B. Riley began coverage on shares of Universal Technical Institute in a report on Friday, March 28th. They set a "buy" rating and a $31.00 price objective for the company. Barrington Research reissued an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, June 12th. Rosenblatt Securities restated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, May 8th. Finally, Truist Financial lifted their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $35.83.

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.