Insider Buying: Universal Technical Institute Inc (UTI) Insider Purchases $17,100.80 in Stock

Universal Technical Institute Inc (NYSE:UTI) insider Kimberly J. Mcwaters bought 6,680 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $2.56 per share, for a total transaction of $17,100.80. Following the completion of the acquisition, the insider now owns 703,562 shares in the company, valued at $1,801,118.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Universal Technical Institute Inc (UTI) traded down $0.03 on Thursday, hitting $2.57. The company had a trading volume of 25,200 shares, compared to its average volume of 47,586. Universal Technical Institute Inc has a 12 month low of $2.45 and a 12 month high of $3.87. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.33.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Universal Technical Institute had a negative return on equity of 5.65% and a negative net margin of 2.51%. The firm had revenue of $81.33 million during the quarter. sell-side analysts forecast that Universal Technical Institute Inc will post -0.39 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Universal Technical Institute by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 842,373 shares of the company’s stock valued at $2,923,000 after acquiring an additional 28,802 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Universal Technical Institute by 52.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock valued at $1,998,000 after acquiring an additional 198,298 shares in the last quarter. Vanguard Group Inc. lifted its stake in Universal Technical Institute by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after acquiring an additional 3,800 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Universal Technical Institute by 6.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 293,000 shares of the company’s stock valued at $1,046,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Quantum Capital Management lifted its stake in Universal Technical Institute by 1,477.3% during the 3rd quarter. Quantum Capital Management now owns 173,177 shares of the company’s stock valued at $601,000 after acquiring an additional 162,198 shares in the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

A number of equities analysts recently issued reports on the company. ValuEngine cut Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $6.00 target price on shares of Universal Technical Institute in a report on Tuesday, October 17th. Finally, Zacks Investment Research cut Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd.

ILLEGAL ACTIVITY NOTICE: “Insider Buying: Universal Technical Institute Inc (UTI) Insider Purchases $17,100.80 in Stock” was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.com-unik.info/2017/12/21/insider-buying-universal-technical-institute-inc-uti-insider-purchases-17100-80-in-stock.html.

About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

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

Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit