Jane Street Group LLC Sells 40,695 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Jane Street Group LLC lessened its stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 51.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,645 shares of the company's stock after selling 40,695 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Universal Technical Institute worth $628,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UTI. State Street Corp raised its stake in Universal Technical Institute by 3.6% in the 3rd quarter. State Street Corp now owns 856,091 shares of the company's stock valued at $13,920,000 after acquiring an additional 29,461 shares during the period. Quarry LP increased its stake in shares of Universal Technical Institute by 380.6% in the third quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after purchasing an additional 3,056 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $152,000. Needham Investment Management LLC lifted its stake in shares of Universal Technical Institute by 3.4% during the 3rd quarter. Needham Investment Management LLC now owns 300,000 shares of the company's stock valued at $4,878,000 after buying an additional 10,000 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Universal Technical Institute in the 3rd quarter worth approximately $298,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UTI shares. Truist Financial boosted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. B. Riley raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Lake Street Capital upped their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Northland Securities increased their price target on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $26.33.

Universal Technical Institute Price Performance

Shares of UTI traded up $0.79 during trading hours on Friday, reaching $26.20. 523,633 shares of the company's stock traded hands, compared to its average volume of 453,816. Universal Technical Institute, Inc. has a 12 month low of $12.14 and a 12 month high of $26.71. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.42 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. The firm's 50 day simple moving average is $23.18 and its 200-day simple moving average is $18.98.

Insider Activity at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the sale, the director now owns 128,205 shares in the company, valued at $3,323,073.60. This trade represents a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.60% of the stock is currently owned by insiders.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.