Universal Technical Institute, Inc. (NYSE:UTI) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 21,500 shares, a drop of 25.6% from the July 31st total of 28,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 49,700 shares, the short-interest ratio is presently 0.4 days.

Several institutional investors have recently added to or reduced their stakes in UTI. Parallel Advisors LLC raised its holdings in shares of Universal Technical Institute by 44.9% in the 1st quarter. Parallel Advisors LLC now owns 18,003 shares of the company’s stock valued at $61,000 after purchasing an additional 5,577 shares during the period. Mcclain Value Management LLC lifted its stake in Universal Technical Institute by 12.0% in the 2nd quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock valued at $971,000 after purchasing an additional 30,400 shares during the last quarter. Regentatlantic Capital LLC bought a new position in Universal Technical Institute during the first quarter worth about $72,000. BlackRock Inc. grew its holdings in Universal Technical Institute by 2.2% during the second quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock worth $1,816,000 after purchasing an additional 11,280 shares during the period. Finally, Wells Fargo & Company MN bought a new position in Universal Technical Institute during the second quarter worth about $104,000. Institutional investors own 59.17% of the company’s stock.

Shares of NYSE:UTI traded up $0.04 during midday trading on Wednesday, hitting $5.25. The stock had a trading volume of 32,583 shares, compared to its average volume of 38,036. The company has a market cap of $133.88 million, a P/E ratio of -3.24 and a beta of 1.28. Universal Technical Institute has a 12 month low of $1.86 and a 12 month high of $5.82. The business’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $3.70. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $79.04 million for the quarter. Universal Technical Institute had a negative return on equity of 17.01% and a negative net margin of 7.51%.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Universal Technical Institute from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 31st. Zacks Investment Research cut Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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