Universal Technical Institute, Inc. (NYSE:UTI) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 21,500 shares, a decrease of 25.6% from the July 31st total of 28,900 shares. Based on an average daily volume of 49,700 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.
Shares of UTI stock traded down $0.01 during trading hours on Friday, reaching $5.24. 862 shares of the stock were exchanged, compared to its average volume of 67,727. The business’s fifty day moving average is $4.52 and its two-hundred day moving average is $3.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. Universal Technical Institute has a 12-month low of $1.86 and a 12-month high of $5.82. The firm has a market capitalization of $129.54 million, a P/E ratio of -3.23 and a beta of 1.28.
Universal Technical Institute (NYSE:UTI) last released its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter. Universal Technical Institute had a negative return on equity of 17.01% and a negative net margin of 7.51%. The firm had revenue of $79.04 million for the quarter.
A number of analysts recently weighed in on UTI shares. ValuEngine upgraded shares of Universal Technical Institute from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 31st. Zacks Investment Research lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th.
Several hedge funds have recently added to or reduced their stakes in UTI. Parallel Advisors LLC increased its stake in shares of Universal Technical Institute by 44.9% during the first quarter. Parallel Advisors LLC now owns 18,003 shares of the company’s stock worth $61,000 after buying an additional 5,577 shares during the period. Regentatlantic Capital LLC purchased a new stake in shares of Universal Technical Institute during the first quarter worth approximately $72,000. Wells Fargo & Company MN purchased a new stake in shares of Universal Technical Institute during the second quarter worth approximately $104,000. Acadian Asset Management LLC increased its stake in shares of Universal Technical Institute by 40.8% during the second 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 during the period. Finally, Mcclain Value Management LLC increased its stake in shares of 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 buying an additional 30,400 shares during the period. Hedge funds and other institutional investors own 59.17% of the company’s stock.
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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