Universal Technical Institute Inc (NYSE:UTI) insider Kimberly J. Mcwaters acquired 5,139 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average cost of $3.44 per share, with a total value of $17,678.16. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Universal Technical Institute Inc (NYSE:UTI) opened at 3.20 on Friday. Universal Technical Institute Inc has a 12 month low of $1.50 and a 12 month high of $5.38. The company’s 50 day moving average is $3.35 and its 200-day moving average is $3.53. The company’s market cap is $79.22 million.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC bought a new position in Universal Technical Institute in the second quarter valued at approximately $107,000. Bank of New York Mellon Corp lifted its stake in Universal Technical Institute by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 42,122 shares of the company’s stock valued at $145,000 after buying an additional 400 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Universal Technical Institute by 4.9% in the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock valued at $160,000 after buying an additional 2,086 shares in the last quarter. Northern Trust Corp lifted its stake in Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock valued at $186,000 after buying an additional 1,330 shares in the last quarter. Finally, Skylands Capital LLC bought a new position in Universal Technical Institute in the second quarter valued at approximately $267,000. Hedge funds and other institutional investors own 58.80% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $6.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.
Universal Technical Institute Company Profile
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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