Universal Technical Institute, Inc. (NYSE:UTI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 21,500 shares, a decrease of 25.6% from the July 31st total of 28,900 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 49,700 shares, the short-interest ratio is currently 0.4 days.
Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Universal Technical Institute by 44.9% in the first quarter. Parallel Advisors LLC now owns 18,003 shares of the company’s stock worth $61,000 after buying an additional 5,577 shares during the last quarter. Mcclain Value Management LLC increased its holdings in Universal Technical Institute by 12.0% in the second quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock worth $971,000 after buying an additional 30,400 shares during the last quarter. Regentatlantic Capital LLC acquired a new position in Universal Technical Institute in the first quarter worth approximately $72,000. BlackRock Inc. increased its holdings in Universal Technical Institute by 2.2% in the second quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock worth $1,816,000 after buying an additional 11,280 shares during the last quarter. Finally, Wells Fargo & Company MN acquired a new position in Universal Technical Institute in the second quarter worth approximately $104,000. Hedge funds and other institutional investors own 59.17% of the company’s stock.
NYSE:UTI remained flat at $$5.25 during mid-day trading on Thursday. The company had a trading volume of 23,622 shares, compared to its average volume of 37,954. The company has a fifty day moving average of $4.52 and a 200 day moving average of $3.70. Universal Technical Institute has a 12-month low of $1.86 and a 12-month high of $5.82. The company has a market cap of $133.88 million, a PE ratio of -3.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21.
Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) EPS for the quarter. Universal Technical Institute had a negative return on equity of 17.01% and a negative net margin of 7.51%. The firm had revenue of $79.04 million during the quarter.
A number of equities analysts recently commented on UTI shares. Zacks Investment Research downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. ValuEngine upgraded Universal Technical Institute from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 31st.
About Universal Technical Institute
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.