Fed Governor Adriana Kugler to resign
Coliseum Capital, LLC, a significant shareholder in Universal Technical Institute Inc . (NYSE:UTI), has disclosed a notable sale of shares according to a recent filing. On March 27, the firm sold 1,000,000 shares of Universal Technical Institute at a price of $25.35 per share, amounting to a total transaction value of $25.35 million. Following this sale, Coliseum Capital still retains a substantial holding in the company, with 5,145,755 shares remaining. The transaction comes as UTI shares have surged 66% over the past year, with the company maintaining a market capitalization of $1.38 billion and demonstrating strong revenue growth of 14.7% in the last twelve months.
The shares sold were held through Coliseum Capital Partners (WA:CPAP), L.P., and a separate account investment advisory client of Coliseum Capital Management, LLC. Christopher Shackelton and Adam Gray, who are managers and have ownership interests in these entities, are involved in this transaction. However, they disclaim beneficial ownership of the securities except to the extent of their pecuniary interests. According to InvestingPro analysis, UTI currently maintains a GREAT financial health score, with 8 additional key insights available to subscribers through the platform’s comprehensive Pro Research Report.
In other recent news, Universal Technical Institute has reported positive financial results for the first quarter of fiscal 2025, with improvements in revenue, Adjusted EBITDA, and new student enrollments compared to the previous year. The company increased its fiscal year guidance ranges, reflecting optimism in its strategic growth plans. Additionally, B.Riley analysts have raised their full-year 2025 revenue and EBITDA estimates for Universal Technical Institute to $815 million and $123 million, respectively, following a review of the company’s earnings report. They have also set a price target of $31, citing confidence in the company’s future performance.
Rosenblatt Securities has also increased its price target for Universal Technical Institute shares to $36, maintaining a Buy rating due to the company’s impressive performance and strong corporate partnerships. In a strategic move, Universal Technical Institute has appointed Bruce Schuman as its new Chief Financial Officer, bringing extensive experience from previous roles at Vacasa and Kiavi. Furthermore, the company has expanded its training offerings with the inclusion of Tesla (NASDAQ:TSLA)’s START Collision Repair program at its Long Beach campus, slated to begin in Spring 2025.
Universal Technical Institute shareholders have re-elected four Class III directors and ratified Deloitte & Touche LLP as the company’s independent auditor. These developments indicate a strong backing from shareholders and a commitment to transparency and governance. The company’s partnership with Tesla marks a significant collaboration, enhancing its Manufacturer Specific Advanced Training offerings and providing students with specialized skills for careers at Tesla.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.