Universal Technical Institute (NYSE:UTI) Stock Rating Upgraded by Argus

Universal Technical Institute (NYSE:UTI) was upgraded by investment analysts at Argus from a “sell” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat Ratings reports.

Separately, ValuEngine downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th.

UTI stock opened at $7.31 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average price is $5.70 and its 200 day moving average price is $4.58. Universal Technical Institute has a 52 week low of $2.85 and a 52 week high of $7.49.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mcclain Value Management LLC boosted its position in Universal Technical Institute by 12.0% during the second quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock worth $971,000 after purchasing an additional 30,400 shares in the last quarter. Wells Fargo & Company MN acquired a new position in shares of Universal Technical Institute during the 2nd quarter worth $104,000. BlackRock Inc. raised its stake in shares of Universal Technical Institute by 2.2% during the 2nd quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock worth $1,816,000 after buying an additional 11,280 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Universal Technical Institute by 23.5% in the 3rd quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock worth $121,000 after buying an additional 4,226 shares in the last quarter. Finally, Acadian Asset Management LLC boosted 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 worth $41,000 after buying an additional 3,476 shares in the last quarter. 62.70% of the stock is owned by hedge funds and other institutional investors.

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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