Coliseum Capital Amends UTI Stake
Ticker: UTI · Form: SC 13D/A · Filed: Feb 16, 2024 · CIK: 1261654
| Field | Detail |
|---|---|
| Company | Universal Technical Institute Inc (UTI) |
| Form Type | SC 13D/A |
| Filed Date | Feb 16, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-ownership, amendment, institutional-investor
Related Tickers: UTI
TL;DR
**Coliseum Capital just updated their stake in Universal Technical Institute, signaling a change in their investment position.**
AI Summary
Coliseum Capital Management, LLC, along with Adam Gray and Christopher Shackelton, filed an Amendment No. 7 to their Schedule 13D on February 15, 2024, regarding their ownership in Universal Technical Institute, Inc. The filing indicates a change in their beneficial ownership of the company's Common Stock, $0.0001 par value per share, with CUSIP Number 913915104. This amendment updates previous disclosures about their stake in the educational services provider.
Why It Matters
This filing signals an updated position by a significant institutional investor, Coliseum Capital, in Universal Technical Institute, which could influence market perception and future strategic decisions for the company.
Risk Assessment
Risk Level: low — This is an amendment to a Schedule 13D, indicating a change in beneficial ownership rather than a new, aggressive activist stake.
Key Players & Entities
- Coliseum Capital Management, LLC (company) — Filing entity and beneficial owner
- Adam Gray (person) — Group member and authorized contact
- Christopher Shackelton (person) — Group member and authorized contact
- UNIVERSAL TECHNICAL INSTITUTE, INC. (company) — Subject company
- Coliseum Capital Partners, L.P. (company) — Group member
- Coliseum Capital, LLC (company) — Group member
FAQ
Who filed this SC 13D/A amendment?
Coliseum Capital Management, LLC, along with group members Adam Gray, Christopher Shackelton, Coliseum Capital Partners, L.P., and Coliseum Capital, LLC, filed this SC 13D/A amendment.
What is the subject company of this filing?
The subject company of this filing is Universal Technical Institute, Inc.
What is the CUSIP number for the class of securities involved?
The CUSIP number for the Common Stock of Universal Technical Institute, Inc. is 913915104.
When was the event date that triggered this filing?
The date of the event which requires this filing was February 15, 2024.
What is the par value per share of the Common Stock?
The par value per share of the Common Stock is $0.0001.
Filing Stats: 1,476 words · 6 min read · ~5 pages · Grade level 7.6 · Accepted 2024-02-16 16:15:36
Key Financial Figures
- $0.0001 — INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- d742819dsc13da.htm (SC 13D/A) — 88KB
- 0001193125-24-038495.txt ( ) — 89KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this DATED: February 16, 2024 COLISEUM CAPITAL MANAGEMENT, LLC COLISEUM CAPITAL, LLC By: /s/ Chivonne Cassar By: /s/ Chivonne Cassar Chivonne Cassar, Attorney-in-fact Chivonne Cassar, Attorney-in-fact COLISEUM CAPITAL PARTNERS, L.P. ADAM GRAY By: Coliseum Capital, LLC, General Partner By: /s/ Chivonne Cassar By: /s/ Chivonne Cassar Chivonne Cassar, Attorney-in-fact Chivonne Cassar, Attorney-in-fact CHRISTOPHER SHACKELTON By: /s/ Chivonne Cassar Chivonne Cassar, Attorney-in-fact