Universal Technical Institute Inc. (NYSE:UTI) shares traded down 3.6% during trading on Wednesday . The stock traded as low as $2.11 and last traded at $2.12, with a volume of 80,684 shares traded. The stock had previously closed at $2.20.

The stock’s 50-day moving average price is $2.32 and its 200 day moving average price is $3.14. The stock’s market cap is $51.13 million.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. The firm earned $82.30 million during the quarter, compared to analyst estimates of $81.60 million. Universal Technical Institute had a negative net margin of 13.84% and a negative return on equity of 34.51%. Equities analysts anticipate that Universal Technical Institute Inc. will post ($1.54) EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Universal Technical Institute by 1.4% in the first quarter. Geode Capital Management LLC now owns 126,905 shares of the company’s stock worth $546,000 after buying an additional 1,771 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Universal Technical Institute by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 101,004 shares of the company’s stock worth $228,000 after buying an additional 4,197 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Universal Technical Institute by 3.2% in the second quarter. Principal Financial Group Inc. now owns 149,041 shares of the company’s stock worth $337,000 after buying an additional 4,649 shares in the last quarter. Nantahala Capital Management LLC raised its stake in shares of Universal Technical Institute by 4.2% in the first quarter. Nantahala Capital Management LLC now owns 201,187 shares of the company’s stock worth $867,000 after buying an additional 8,103 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Universal Technical Institute by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 752,208 shares of the company’s stock worth $1,700,000 after buying an additional 11,429 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The Company segments are Postsecondary education and Other. It offers undergraduate degree or diploma programs at approximately 10 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute.

5 Day Chart for NYSE:UTI

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