Universal Technical Institute Inc. (UTI) Stock Price Up 3.7%
Shares of Universal Technical Institute Inc. (NYSE:UTI) rose 3.7% during mid-day trading on Thursday . The company traded as high as $2.56 and last traded at $2.53, with a volume of 52,824 shares changing hands. The stock had previously closed at $2.44.
The stock’s 50 day moving average price is $2.82 and its 200-day moving average price is $3.60. The firm’s market cap is $61.59 million.
Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.17). The company had revenue of $88.20 million for the quarter, compared to analyst estimates of $84.50 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Universal Technical Institute Inc. will post ($1.05) earnings per share for the current fiscal year.
A number of large investors recently modified their holdings of the company. First Trust Advisors LP increased 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 worth $2,714,000 after buying an additional 350,001 shares in the last quarter. Heartland Advisors Inc. increased 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 worth $6,612,000 after buying an additional 582,462 shares in the last quarter. Finally, Wells Fargo & Company MN increased 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 worth $1,130,000 after buying an additional 49,989 shares in 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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