Universal Technical Institute Inc. (UTI) Trading 1.7% Higher
Universal Technical Institute Inc. (NYSE:UTI) shares traded up 1.7% during trading on Thursday . The stock traded as high as $2.36 and last traded at $2.33, with a volume of 82,014 shares traded. The stock had previously closed at $2.29.
The firm’s market cap is $62.56 million. The company has a 50-day moving average of $2.92 and a 200 day moving average of $3.65.
Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.17). The business earned $88.20 million during the quarter, compared to the consensus estimate of $84.50 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, analysts anticipate that Universal Technical Institute Inc. will post ($1.05) earnings per share for the current year.
Several hedge funds and institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased 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 worth $1,130,000 after buying an additional 49,989 shares during the last quarter. Heartland Advisors Inc. increased 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. Finally, First Trust Advisors LP increased 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 worth $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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