Universal Technical Institute Inc. (NYSE:UTI)’s share price rose 9.3% on Monday . The company traded as high as $2.71 and last traded at $2.59, with a volume of 56,067 shares traded. The stock had previously closed at $2.37.

The company’s market cap is $58.67 million. The firm has a 50-day moving average price of $2.59 and a 200-day moving average price of $3.49.

A hedge fund recently raised its stake in Universal Technical Institute stock. First Trust Advisors LP increased its position in shares of Universal Technical Institute Inc. (NYSE:UTI) by 150.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,469 shares of the company’s stock after buying an additional 350,001 shares during the period. First Trust Advisors LP owned 2.40% of Universal Technical Institute worth $2,714,000 as of its most recent SEC filing.

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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