Is It Time to Sell Universal Technical Institute Stock After A Long-Time Investor Dumped 3 Million Shares?
As a leading provider of technical education, this company reported significant insider selling in its latest SEC filing.
Overview
Long-time investor Coliseum Capital Management, which also has a seat on the board of directors, sold most of its position in Universal Technical Institute (NYSE:UTI) on June 8. The asset manager sold 3.0 million shares of Common Stock at $41.40 per share, according to a SEC Form 4 filing.
Is this a signal for other investors to sell?
Details
Transaction value based on SEC Form 4 reported price ($41.40).
Source
Originally published at www.fool.com.
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