Gabelli Funds LLC lowered its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 25.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,200 shares of the company’s stock after selling 42,800 shares during the quarter. Gabelli Funds LLC owned about 0.49% of Universal Technical Institute worth $296,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alyeska Investment Group L.P. boosted its stake in shares of Universal Technical Institute by 52.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 575,653 shares of the company’s stock valued at $1,998,000 after buying an additional 198,298 shares during the last quarter. Quantum Capital Management lifted its stake in Universal Technical Institute by 1,477.3% during the third quarter. Quantum Capital Management now owns 173,177 shares of the company’s stock worth $601,000 after purchasing an additional 162,198 shares during the last quarter. Janus Henderson Group PLC bought a new position in Universal Technical Institute during the second quarter worth $426,000. Macquarie Group Ltd. bought a new position in Universal Technical Institute during the third quarter worth $289,000. Finally, Dimensional Fund Advisors LP lifted its stake in Universal Technical Institute by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 813,571 shares of the company’s stock worth $2,904,000 after purchasing an additional 59,594 shares during the last quarter. 56.53% of the stock is owned by institutional investors.
A number of research firms have issued reports on UTI. ValuEngine cut Universal Technical Institute from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Piper Jaffray Companies reiterated a “hold” rating on shares of Universal Technical Institute in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
Universal Technical Institute, Inc. (UTI) remained flat at $$2.60 during trading hours on Friday. The stock had a trading volume of 1,306 shares, compared to its average volume of 24,559. Universal Technical Institute, Inc. has a 52-week low of $2.21 and a 52-week high of $3.87. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26.
Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). Universal Technical Institute had a negative net margin of 2.35% and a negative return on equity of 7.58%. The company had revenue of $81.33 million during the quarter. analysts anticipate that Universal Technical Institute, Inc. will post -0.79 EPS for the current year.
Universal Technical Institute 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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