Mcclain Value Management LLC Cuts Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Mcclain Value Management LLC decreased its holdings in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 9.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 256,302 shares of the company’s stock after selling 26,777 shares during the period. Universal Technical Institute accounts for about 1.8% of Mcclain Value Management LLC’s portfolio, making the stock its 20th largest position. Mcclain Value Management LLC owned 1.00% of Universal Technical Institute worth $1,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UTI. Wells Fargo & Company MN purchased a new position in Universal Technical Institute during the 2nd quarter valued at about $104,000. BlackRock Inc. increased its position in Universal Technical Institute by 2.2% during the 2nd quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock valued at $1,816,000 after purchasing an additional 11,280 shares during the period. Parallel Advisors LLC increased its position in Universal Technical Institute by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock valued at $121,000 after purchasing an additional 4,226 shares during the period. Finally, Acadian Asset Management LLC increased its position in Universal Technical Institute by 40.8% during the 2nd quarter. Acadian Asset Management LLC now owns 11,995 shares of the company’s stock valued at $41,000 after purchasing an additional 3,476 shares during the period. 58.84% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th.

NYSE UTI traded down $0.04 during trading on Friday, reaching $5.51. 29,624 shares of the company’s stock traded hands, compared to its average volume of 37,884. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The company’s 50 day simple moving average is $5.45 and its two-hundred day simple moving average is $4.26. Universal Technical Institute, Inc. has a 12-month low of $2.61 and a 12-month high of $6.07.

Universal Technical Institute (NYSE:UTI) last posted its earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter. Universal Technical Institute had a negative net margin of 7.51% and a negative return on equity of 17.01%. The business had revenue of $79.04 million for the quarter.

Universal Technical Institute Company Profile

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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Institutional Ownership by Quarter for Universal Technical Institute (NYSE:UTI)

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