Universal Technical Institute (NYSE:UTI) Shares Up 6.4%

Universal Technical Institute, Inc. (NYSE:UTI) shot up 6.4% during mid-day trading on Wednesday . The company traded as high as $6.96 and last traded at $7.11, 1,323 shares changed hands during trading. A decline of 93% from the average session volume of 20,047 shares. The stock had previously closed at $6.68.

Several research firms have recently issued reports on UTI. ValuEngine cut Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Argus raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Wednesday.

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The company’s 50 day simple moving average is $5.62 and its 200 day simple moving average is $4.54.

Several institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of Universal Technical Institute by 40.8% in the 2nd quarter. Acadian Asset Management LLC now owns 11,995 shares of the company’s stock valued at $41,000 after buying an additional 3,476 shares during the last quarter. Parallel Advisors LLC raised its stake in Universal Technical Institute by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock worth $121,000 after acquiring an additional 4,226 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in Universal Technical Institute during the 2nd quarter worth $104,000. Mcclain Value Management LLC lifted its position in Universal Technical Institute by 12.0% in the second quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock valued at $971,000 after acquiring an additional 30,400 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Universal Technical Institute by 2.2% in the second quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock valued at $1,816,000 after acquiring an additional 11,280 shares during the last quarter. Institutional investors and hedge funds own 62.70% of the company’s stock.

About Universal Technical Institute (NYSE:UTI)

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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