Universal Technical Institute Inc. (NYSE:UTI) shares were down 6.2% during mid-day trading on Wednesday . The company traded as low as $2.39 and last traded at $2.44, with a volume of 58,667 shares changing hands. The stock had previously closed at $2.60.

The company’s market capitalization is $59.40 million. The stock’s 50-day moving average price is $2.85 and its 200 day moving average price is $3.61.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.17) earnings per share for the quarter, meeting the consensus estimate of ($0.17). The company earned $88.20 million during the quarter, compared to analyst estimates of $84.50 million. During the same period in the previous year, the company posted $0.02 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts anticipate that Universal Technical Institute Inc. will post ($1.05) EPS for the current year.

Several large investors recently modified their holdings of UTI. Heartland Advisors Inc. boosted its stake in shares of Universal Technical Institute by 69.6% in the fourth quarter. Heartland Advisors Inc. now owns 1,418,937 shares of the company’s stock valued at $6,612,000 after buying an additional 582,462 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of 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 boosted its stake in shares of 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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