Zacks Investment Research downgraded shares of Universal Technical Institute Inc (NYSE:UTI) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “Shares of Universal Technical underperformed its industry year to date. Also, loss estimates for the current year has widened in the last 60 days. The company’s enrollments have been sluggish for several quarters now, due to regulatory challenges, and changes and competition in the higher education industry. Universal Technical expects revenues, new student starts, and average student population to be down in fiscal 2017. Meanwhile, Universal Technical continues to expect its Financial Improvement Plan to deliver at the high end of the earlier guided range of annualized cost savings in fiscal 2017.”

Separately, ValuEngine raised Universal Technical Institute from a sell rating to a hold rating in a research note on Tuesday, June 27th.

Universal Technical Institute (UTI) opened at 3.39 on Tuesday. The stock’s market cap is $83.93 million. The company’s 50-day moving average price is $3.43 and its 200-day moving average price is $3.55. Universal Technical Institute has a 12 month low of $1.42 and a 12 month high of $5.38.

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A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in Universal Technical Institute by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 42,122 shares of the company’s stock valued at $145,000 after buying an additional 400 shares in the last quarter. Northern Trust Corp lifted its stake in Universal Technical Institute by 2.6% in the 2nd quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock valued at $186,000 after buying an additional 1,330 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Universal Technical Institute by 1.2% in the 1st quarter. Wells Fargo & Company MN now owns 149,375 shares of the company’s stock valued at $516,000 after buying an additional 1,741 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Universal Technical Institute by 4.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock valued at $160,000 after buying an additional 2,086 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Universal Technical Institute by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 402,318 shares of the company’s stock valued at $1,437,000 after buying an additional 3,800 shares in the last quarter. 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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