Coliseum Capital Management buys $7,779,724 stake in Universal Technical Institute (UTI)

Universal Technical Institute (UTI) : Coliseum Capital Management scooped up 504,000 additional shares in Universal Technical Institute during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,601,724 shares of Universal Technical Institute which is valued at $7,779,724.Universal Technical Institute makes up approximately 3.26% of Coliseum Capital Management’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc sold out all of its stake in UTI during the most recent quarter. The investment firm sold 43,900 shares of UTI which is valued $94,824. Tfs Capital added UTI to its portfolio by purchasing 11,318 company shares during the most recent quarter which is valued at $24,447.Blackrock Group Ltd boosted its stake in UTI in the latest quarter, The investment management firm added 1,480 additional shares and now holds a total of 13,224 shares of Universal Technical Institute which is valued at $28,564. Nine Chapters Capital Management sold out all of its stake in UTI during the most recent quarter. The investment firm sold 17,300 shares of UTI which is valued $39,098. Gemmer Asset Management sold out all of its stake in UTI during the most recent quarter. The investment firm sold 187 shares of UTI which is valued $492.

Universal Technical Institute (UTI) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.32 and reached the intraday high at $2.36. The bulls started the profit booking and pushed the shares to intraday low of $2.23. The trading session was marked by a volume range of 18,503 shares exchanging hands. The 52-week high of the shares is $5.88 and the 52-week low is $2.06. The market cap of the company stands at $56 M and there are 2,43,47,039 shares in public circulation.

On the company’s financial health, Universal Technical Institute reported $-0.17 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $-0.17. The company had revenue of $88.20 million for the quarter, compared to analysts expectations of $84.50 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Universal Technical Institute Inc. (UTI) is engaged in providing postsecondary education for students seeking careers as professional automotive diesel collision repair motorcycle and marine technicians. The Company offers undergraduate degree and diploma programs at eleven campuses in the United States under the brand names including Universal Technical Institute (UTI) which offers automotive diesel and industrial and collision repair and refinishing programs; Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) which is designed to teach students about diagnosing servicing and repairing motorcycles and all-terrain vehicles and NASCAR Technical Institute (UTI/NASCAR Tech) which offers elective courses designed to teach students to learn about NASCAR engines and equipment and to acquire skills required for entry-level positions in automotive and racing-related career opportunities.

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