Universal Technical Institute (NYSE:UTI)‘s stock had its “hold” rating reissued by investment analysts at Piper Jaffray Companies in a report issued on Friday.
A number of other brokerages also recently commented on UTI. ValuEngine downgraded Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.
Universal Technical Institute (NYSE UTI) traded down $0.81 during trading on Friday, reaching $2.87. The company’s stock had a trading volume of 222,091 shares, compared to its average volume of 46,018. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.33. Universal Technical Institute has a one year low of $2.50 and a one year high of $5.38.
Hedge funds have recently bought and sold shares of the business. Spark Investment Management LLC purchased a new stake in Universal Technical Institute during the second quarter valued at about $107,000. Bank of New York Mellon Corp grew its position in Universal Technical Institute by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 42,122 shares of the company’s stock valued at $145,000 after acquiring an additional 400 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Universal Technical Institute by 4.9% during the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock worth $160,000 after purchasing an additional 2,086 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Universal Technical Institute by 2.6% during the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Universal Technical Institute during the third quarter worth about $289,000. 57.73% of the stock is owned by hedge funds and other institutional investors.
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About Universal Technical Institute
Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 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 (NASCAR Tech).
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