Universal Technical Institute Inc. (UTI) Trading 3.7% Higher
Universal Technical Institute Inc. (NYSE:UTI) shares traded up 3.7% on Thursday . The company traded as high as $2.56 and last traded at $2.53, with a volume of 52,824 shares. The stock had previously closed at $2.44.
The firm’s market cap is $63.78 million. The firm has a 50-day moving average price of $2.80 and a 200-day moving average price of $3.59.
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 analysts’ consensus estimates of ($0.17). The firm had revenue of $88.20 million for the quarter, compared to analyst estimates of $84.50 million. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. On average, equities research analysts predict that Universal Technical Institute Inc. will post ($1.05) earnings per share for the current fiscal year.
A number of hedge funds and institutional investors recently modified their holdings of the company. Wells Fargo & Company MN raised its position 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. Heartland Advisors Inc. raised its position 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. Finally, First Trust Advisors LP raised its position 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.
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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