Universal Technical Institute Inc (UTI) Given Hold Rating at Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Universal Technical Institute Inc (NYSE:UTI) in a report published on Tuesday, October 17th. Piper Jaffray Companies currently has a $6.00 price objective on the stock.

UTI has been the subject of several other research reports. Zacks Investment Research cut Universal Technical Institute from a hold rating to a sell rating in a research note on Tuesday, October 3rd. ValuEngine cut Universal Technical Institute from a hold rating to a sell rating in a research note on Friday, September 1st.

Shares of Universal Technical Institute (UTI) opened at 3.21 on Tuesday. Universal Technical Institute has a 12 month low of $1.50 and a 12 month high of $5.38. The company has a 50 day moving average of $3.35 and a 200-day moving average of $3.53. The firm’s market capitalization is $79.47 million.

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Institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC purchased a new stake in Universal Technical Institute during the second quarter valued at $107,000. Bank of New York Mellon Corp increased 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 last quarter. Goldman Sachs Group Inc. increased its position in Universal Technical Institute by 4.9% during the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock valued at $160,000 after acquiring an additional 2,086 shares during the last quarter. Northern Trust Corp increased its position in Universal Technical Institute by 2.6% during the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock valued at $186,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Skylands Capital LLC purchased a new stake in Universal Technical Institute during the second quarter valued at $267,000. Institutional investors own 58.80% of the company’s stock.

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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