Heartland Advisors Inc. cut its stake in Universal Technical Institute Inc. (NYSE:UTI) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,343,620 shares of the company’s stock after selling 156,380 shares during the period. Heartland Advisors Inc. owned about 5.52% of Universal Technical Institute worth $2,392,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UTI. Paloma Partners Management Co bought a new stake in Universal Technical Institute during the second quarter valued at approximately $172,000. Guggenheim Capital LLC increased its position in shares of Universal Technical Institute by 5.1% in the second quarter. Guggenheim Capital LLC now owns 360,777 shares of the company’s stock worth $815,000 after buying an additional 17,647 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Universal Technical Institute by 3.2% in the second quarter. Principal Financial Group Inc. now owns 149,041 shares of the company’s stock worth $337,000 after buying an additional 4,649 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Universal Technical Institute by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 752,208 shares of the company’s stock worth $1,700,000 after buying an additional 11,429 shares during the last quarter. Finally, Mcclain Value Management LLC increased its position in shares of Universal Technical Institute by 34.3% in the second quarter. Mcclain Value Management LLC now owns 129,045 shares of the company’s stock worth $292,000 after buying an additional 32,934 shares during the last quarter. 70.23% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Universal Technical Institute Inc. (NYSE:UTI) traded up 1.26% on Tuesday, hitting $2.42. The stock had a trading volume of 177,856 shares. The company’s market cap is $58.92 million. Universal Technical Institute Inc. has a 12 month low of $1.42 and a 12 month high of $5.88. The company’s 50 day moving average price is $1.86 and its 200-day moving average price is $2.36.

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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. The Company segments are Postsecondary education and Other. It offers undergraduate degree or diploma programs at approximately 10 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.

5 Day Chart for NYSE:UTI

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