Is Universal Technical Institute, Inc. (UTI) Going to Burn These Hedge Funds?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. At the top of the heap, Israel Englander’s Millennium Management got rid of the largest position of all the investors followed by Insider Monkey, valued at close to $0.4 million in stock, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners was right behind this move, as the fund said goodbye to about $0 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Universal Technical Institute, Inc. (NYSE:UTI) but similarly valued. We will take a look at JRjr33 Inc (NYSEMKT:JRJR), Intersections Inc. (NASDAQ:INTX), Harris & Harris Group, Inc. (NASDAQ:TINY), and Histogenics Corp (NASDAQ:HSGX). This group of stocks’ market valuations resemble UTI’s market valuation.

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $7 million. That figure was $17 million in UTI’s case. Histogenics Corp (NASDAQ:HSGX) is the most popular stock in this table. On the other hand Harris & Harris Group, Inc. (NASDAQ:TINY) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Universal Technical Institute, Inc. (NYSE:UTI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None