Universal Technical Institute (NYSE:UTI) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research cut shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a strong sell rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Universal Technical Institute, Inc. provides technical education training in automotive, diesel, collision repair and refinishing, motorcycle, marine and personal watercraft technologies. “

Other equities analysts have also issued research reports about the company. Barrington Research assumed coverage on Universal Technical Institute in a research note on Tuesday, July 21st. They issued an outperform rating and a $9.00 price target on the stock. TheStreet lowered Universal Technical Institute from a b- rating to a c+ rating in a research note on Thursday, July 9th. Argus decreased their price target on Universal Technical Institute from $12.00 to $9.00 and set a buy rating on the stock in a research note on Tuesday, June 2nd. Finally, B. Riley reaffirmed a buy rating and issued a $11.00 price target on shares of Universal Technical Institute in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $9.04.

NYSE:UTI traded up $0.06 during trading hours on Friday, hitting $7.43. The company had a trading volume of 266,566 shares, compared to its average volume of 274,709. The company has a 50-day moving average of $7.01 and a 200 day moving average of $6.85. The company has a market cap of $242.26 million, a P/E ratio of 27.52, a P/E/G ratio of 2.86 and a beta of 1.11. Universal Technical Institute has a 1 year low of $2.75 and a 1 year high of $9.76.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.22. Universal Technical Institute had a return on equity of 15.85% and a net margin of 5.92%. The company had revenue of $82.72 million during the quarter, compared to analysts’ expectations of $81.60 million. On average, equities analysts expect that Universal Technical Institute will post 0.16 earnings per share for the current year.

In related news, Director Kimberly J. Mcwaters sold 14,094 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $7.63, for a total transaction of $107,537.22. Following the transaction, the director now owns 568,377 shares of the company’s stock, valued at approximately $4,336,716.51. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Coliseum Capital Management, L sold 41,475 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $7.06, for a total value of $292,813.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,216 shares of company stock worth $1,539,861. 16.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG increased its holdings in Universal Technical Institute by 10,975.0% during the 2nd quarter. UBS Group AG now owns 9,303 shares of the company’s stock worth $65,000 after purchasing an additional 9,219 shares during the period. Selective Wealth Management Inc. purchased a new stake in Universal Technical Institute during the 2nd quarter worth about $77,000. Ritholtz Wealth Management purchased a new stake in Universal Technical Institute during the 1st quarter worth about $69,000. GSA Capital Partners LLP purchased a new stake in Universal Technical Institute during the 1st quarter worth about $79,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Universal Technical Institute during the 4th quarter worth about $108,000. Institutional investors own 62.22% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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