Universal Technical Institute Inc (NYSE:UTI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, Zacks Investment Research raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

Shares of Universal Technical Institute (NYSE:UTI) traded down 1.13% during midday trading on Friday, reaching $3.50. 21,832 shares of the company’s stock traded hands. Universal Technical Institute has a 12 month low of $1.42 and a 12 month high of $5.38. The stock’s market cap is $86.65 million. The stock has a 50 day moving average of $3.56 and a 200-day moving average of $3.56.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in UTI. Bank of New York Mellon Corp raised its position in Universal Technical Institute by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 42,122 shares of the company’s stock worth $145,000 after buying an additional 400 shares during the period. Northern Trust Corp raised its position in Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after buying an additional 1,330 shares during the period. Wells Fargo & Company MN raised 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. Goldman Sachs Group Inc. raised its position in Universal Technical Institute by 4.9% in the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock worth $160,000 after buying an additional 2,086 shares during the period. Finally, Vanguard Group Inc. raised its position in Universal Technical Institute by 1.0% in the second quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock worth $1,437,000 after buying an additional 3,800 shares during the period. 58.80% of the stock is currently owned by hedge funds and other institutional investors.

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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