Heartland Advisors Inc. lowered its stake in Universal Technical Institute Inc. (NYSE:UTI) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,343,620 shares of the company’s stock after selling 156,380 shares during the period. Heartland Advisors Inc. owned 0.06% of Universal Technical Institute worth $2,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paloma Partners Management Co purchased a new position in Universal Technical Institute during the second quarter valued at approximately $172,000. Ameriprise Financial Inc. increased its position in Universal Technical Institute by 4.3% in the second quarter. Ameriprise Financial Inc. now owns 101,004 shares of the company’s stock valued at $228,000 after buying an additional 4,197 shares during the last quarter. Mcclain Value Management LLC increased its position in Universal Technical Institute by 34.3% in the second quarter. Mcclain Value Management LLC now owns 129,045 shares of the company’s stock valued at $292,000 after buying an additional 32,934 shares during the last quarter. Principal Financial Group Inc. increased its position in Universal Technical Institute by 3.2% in the second quarter. Principal Financial Group Inc. now owns 149,041 shares of the company’s stock valued at $337,000 after buying an additional 4,649 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in Universal Technical Institute by 5.1% in the second quarter. Guggenheim Capital LLC now owns 360,777 shares of the company’s stock valued at $815,000 after buying an additional 17,647 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

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

Universal Technical Institute Inc. (NYSE:UTI) traded up 1.26% on Tuesday, reaching $2.42. The company’s stock had a trading volume of 177,856 shares. Universal Technical Institute Inc. has a 52 week low of $1.42 and a 52 week high of $5.88. The company has a 50 day moving average of $1.86 and a 200 day moving average of $2.36. The firm’s market capitalization is $58.92 million.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Financial Market News and is the sole property of of Financial Market News. If you are accessing this report on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at http://www.financial-market-news.com/heartland-advisors-inc-has-2392000-stake-in-universal-technical-institute-inc-uti/1209255/.

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

Want to see what other hedge funds are holding UTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Technical Institute Inc. (NYSE:UTI).

Receive News & Ratings for Universal Technical Institute Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute Inc. and related companies with MarketBeat.com's FREE daily email newsletter.