Bank of New York Mellon Corp boosted its position in Universal Technical Institute Inc (NYSE:UTI) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 42,122 shares of the company’s stock after buying an additional 400 shares during the period. Bank of New York Mellon Corp’s holdings in Universal Technical Institute were worth $145,000 at the end of the most recent quarter.

Separately, Wells Fargo & Company MN increased its position in Universal Technical Institute by 1.2% in the first quarter. Wells Fargo & Company MN now owns 149,375 shares of the company’s stock worth $516,000 after buying an additional 1,741 shares during the period. Institutional investors and hedge funds own 60.37% of the company’s stock.

Shares of Universal Technical Institute Inc (NYSE UTI) traded down 1.72% during midday trading on Friday, hitting $3.42. The company had a trading volume of 16,620 shares. Universal Technical Institute Inc has a one year low of $1.42 and a one year high of $5.38. The firm’s market cap is $84.67 million. The company’s 50 day moving average is $3.59 and its 200 day moving average is $3.54.

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A number of equities analysts have recently commented on UTI shares. ValuEngine upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.

Universal Technical Institute Company Profile

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).

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

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