Universal Technical Institute Inc (NYSE:UTI) – Gabelli cut their FY2017 earnings per share estimates for Universal Technical Institute in a report issued on Thursday. Gabelli analyst B. Lucas now forecasts that the company will post earnings of ($0.51) per share for the year, down from their prior forecast of ($0.38).

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

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Shares of Universal Technical Institute (NYSE UTI) opened at 3.51 on Monday. The company’s market cap is $86.90 million. The company’s 50 day moving average is $3.43 and its 200-day moving average is $3.55. Universal Technical Institute has a 12 month low of $1.42 and a 12 month high of $5.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in shares of Universal Technical Institute in the 2nd quarter valued at approximately $426,000. Goldman Sachs Group Inc. raised its holdings in shares of Universal Technical Institute by 4.9% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Universal Technical Institute by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 813,571 shares of the company’s stock worth $2,904,000 after buying an additional 59,594 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Universal Technical Institute by 1.0% in the 2nd 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Universal Technical Institute by 2.6% in the 2nd quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after buying an additional 1,330 shares in the last quarter. 58.80% of the stock is currently owned by 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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