Goldman Sachs Group Inc. reduced its position in Universal Technical Institute Inc (NYSE:UTI) by 36.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,833 shares of the company’s stock after selling 24,288 shares during the period. Goldman Sachs Group Inc. owned about 0.17% of Universal Technical Institute worth $148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UTI. Renaissance Technologies LLC increased its position in shares of Universal Technical Institute by 5.6% in the first quarter. Renaissance Technologies LLC now owns 1,152,600 shares of the company’s stock worth $3,976,000 after buying an additional 61,600 shares during the period. Dimensional Fund Advisors LP increased its position in Universal Technical Institute by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 753,977 shares of the company’s stock worth $2,601,000 after buying an additional 58,486 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Universal Technical Institute by 7.0% in the first quarter. Gamco Investors INC. ET AL now owns 276,000 shares of the company’s stock worth $952,000 after buying an additional 18,000 shares during the last quarter. Teton Advisors Inc. increased its position in Universal Technical Institute by 17.6% in the first quarter. Teton Advisors Inc. now owns 80,000 shares of the company’s stock worth $276,000 after buying an additional 12,000 shares during the last quarter. Finally, Algert Global LLC increased its position in Universal Technical Institute by 19.1% in the first quarter. Algert Global LLC now owns 70,787 shares of the company’s stock worth $244,000 after buying an additional 11,360 shares during the last quarter. Hedge funds and other institutional investors own 58.80% of the company’s stock.

Universal Technical Institute Inc (NYSE:UTI) traded down 0.28% on Thursday, hitting $3.57. 4,001 shares of the company were exchanged. Universal Technical Institute Inc has a 52 week low of $1.42 and a 52 week high of $5.38. The company’s market capitalization is $88.38 million. The stock has a 50 day moving average of $3.56 and a 200 day moving average of $3.56.

COPYRIGHT VIOLATION NOTICE: “Universal Technical Institute Inc (UTI) Stake Decreased by Goldman Sachs Group Inc.” was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/31/universal-technical-institute-inc-uti-stake-decreased-by-goldman-sachs-group-inc.html.

UTI has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. ValuEngine downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 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 (NASCAR Tech).

Want to see what other hedge funds are holding UTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Technical Institute Inc (NYSE:UTI).

Institutional Ownership by Quarter for Universal Technical Institute (NYSE:UTI)

Receive News & Ratings for Universal Technical Institute Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute Inc and related companies with MarketBeat.com's FREE daily email newsletter.