JPMorgan Chase & Co. Has $1.86 Million Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

JPMorgan Chase & Co. lessened its holdings in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,633 shares of the company's stock after selling 23,478 shares during the period. JPMorgan Chase & Co. owned about 0.21% of Universal Technical Institute worth $1,864,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UTI. Covestor Ltd grew its stake in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after buying an additional 1,564 shares in the last quarter. BNP Paribas Financial Markets increased its position in Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company's stock worth $389,000 after acquiring an additional 2,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Universal Technical Institute by 27.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company's stock worth $197,000 after purchasing an additional 2,596 shares during the period. Inspire Investing LLC raised its position in shares of Universal Technical Institute by 13.5% during the third quarter. Inspire Investing LLC now owns 25,556 shares of the company's stock valued at $416,000 after buying an additional 3,032 shares during the last quarter. Finally, Quarry LP lifted 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 valued at $63,000 after buying an additional 3,056 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares of the company's stock, valued at $3,323,073.60. This represents a 18.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UTI shares. Barrington Research boosted their price target on Universal Technical Institute from $25.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Rosenblatt Securities raised their target price on Universal Technical Institute from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Northland Securities increased their target price on Universal Technical Institute from $24.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of "Buy" and an average target price of $27.17.

Universal Technical Institute Trading Up 0.9 %

NYSE:UTI traded up $0.25 during mid-day trading on Thursday, hitting $26.78. The company had a trading volume of 443,956 shares, compared to its average volume of 456,362. The business's fifty day moving average is $25.14 and its two-hundred day moving average is $19.90. Universal Technical Institute, Inc. has a fifty-two week low of $13.23 and a fifty-two week high of $27.29. The firm has a market cap of $1.46 billion, a P/E ratio of 36.32, a P/E/G ratio of 1.82 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08.

About Universal Technical Institute

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.