Universal Technical Institute (NYSE:UTI) Stock Price Up 6.4%

Universal Technical Institute, Inc. (NYSE:UTI) rose 6.4% on Wednesday . The stock traded as high as $6.96 and last traded at $7.11, approximately 1,323 shares changed hands during trading. A decline of 93% from the average daily volume of 20,047 shares. The stock had previously closed at $6.68.

A number of brokerages recently weighed in on UTI. ValuEngine lowered Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Argus upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet raised Universal Technical Institute from a “d+” rating to a “c” rating in a research note on Tuesday.

The business’s fifty day moving average is $5.70 and its 200-day moving average is $4.58. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in Universal Technical Institute by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock worth $121,000 after acquiring an additional 4,226 shares during the last quarter. BlackRock Inc. increased its position in Universal Technical Institute by 2.2% in the 2nd quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock valued at $1,816,000 after acquiring an additional 11,280 shares during the period. Wells Fargo & Company MN bought a new position in shares of Universal Technical Institute during the second quarter valued at $104,000. Acadian Asset Management LLC raised its stake in shares of Universal Technical Institute by 40.8% during the second quarter. Acadian Asset Management LLC now owns 11,995 shares of the company’s stock valued at $41,000 after acquiring an additional 3,476 shares during the last quarter. Finally, Mcclain Value Management LLC lifted its holdings in shares of Universal Technical Institute by 12.0% during the second quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock worth $971,000 after purchasing an additional 30,400 shares during the period. Institutional investors and hedge funds own 62.70% of the company’s stock.

About Universal Technical Institute (NYSE:UTI)

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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