Universal Technical Institute (NYSE:UTI) Trading Down 6.1%

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) traded down 6.1% during trading on Monday . The stock traded as low as $14.94 and last traded at $14.97. 338,551 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 668,878 shares. The stock had previously closed at $15.94.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TheStreet upgraded Universal Technical Institute from a "c+" rating to a "b" rating in a research note on Thursday, February 1st. Barrington Research boosted their target price on Universal Technical Institute from $15.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Rosenblatt Securities boosted their target price on Universal Technical Institute from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Northland Securities initiated coverage on Universal Technical Institute in a report on Wednesday, January 10th. They set an "outperform" rating and a $16.00 target price on the stock. Finally, StockNews.com lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Universal Technical Institute currently has a consensus rating of "Moderate Buy" and an average target price of $15.20.

Universal Technical Institute Trading Down 8.2 %

The business has a 50-day moving average price of $14.96 and a two-hundred day moving average price of $12.06. The stock has a market capitalization of $498.59 million, a P/E ratio of 56.27, a P/E/G ratio of 1.51 and a beta of 1.20. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.11. The firm had revenue of $174.70 million during the quarter, compared to the consensus estimate of $168.19 million. Universal Technical Institute had a return on equity of 9.25% and a net margin of 2.41%. On average, analysts expect that Universal Technical Institute, Inc. will post 0.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Loretta Lydia Sanchez sold 8,719 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $15.07, for a total transaction of $131,395.33. Following the completion of the sale, the director now owns 20,000 shares of the company's stock, valued at $301,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.60% of the company's stock.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently added to or reduced their stakes in UTI. International Assets Investment Management LLC boosted its holdings in Universal Technical Institute by 1,152.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,130 shares of the company's stock worth $39,000 after acquiring an additional 2,880 shares in the last quarter. UBS Group AG boosted its position in shares of Universal Technical Institute by 6,316.0% during the fourth quarter. UBS Group AG now owns 6,416 shares of the company's stock valued at $43,000 after buying an additional 6,316 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Universal Technical Institute during the second quarter valued at approximately $44,000. Lazard Asset Management LLC purchased a new position in shares of Universal Technical Institute during the first quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Universal Technical Institute by 204.5% during the first quarter. Tower Research Capital LLC TRC now owns 6,653 shares of the company's stock valued at $49,000 after buying an additional 4,468 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

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.