Universal Technical Institute Inc. (UTI) Trading 1.7% Higher
Universal Technical Institute Inc. (NYSE:UTI)’s share price traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $2.36 and last traded at $2.33, with a volume of 82,014 shares trading hands. The stock had previously closed at $2.29.
The stock’s 50-day moving average is $2.93 and its 200 day moving average is $3.66. The firm’s market cap is $57.70 million.
Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.17) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $88.20 million for the quarter, compared to analyst estimates of $84.50 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts predict that Universal Technical Institute Inc. will post ($1.05) EPS for the current year.
A number of institutional investors have bought and sold shares of the company. Heartland Advisors Inc. raised its position in Universal Technical Institute by 69.6% in the fourth quarter. Heartland Advisors Inc. now owns 1,418,937 shares of the company’s stock worth $6,612,000 after buying an additional 582,462 shares during the last quarter. First Trust Advisors LP raised its position in Universal Technical Institute by 150.6% in the fourth quarter. First Trust Advisors LP now owns 582,469 shares of the company’s stock valued at $2,714,000 after buying an additional 350,001 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Universal Technical Institute by 26.0% in the fourth quarter. Wells Fargo & Company MN now owns 242,551 shares of the company’s stock valued at $1,130,000 after buying an additional 49,989 shares during the last quarter.
Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The Company segments are Postsecondary education and Other. It offers undergraduate degree or diploma programs at approximately 10 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.
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