Universal Technical Institute, Inc. (NYSE:UTI) Shares Bought by Jump Financial LLC

Jump Financial LLC grew its stake in Universal Technical Institute, Inc. (NYSE:UTI - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,566 shares of the company's stock after purchasing an additional 16,697 shares during the period. Jump Financial LLC owned about 0.09% of Universal Technical Institute worth $1,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UTI. Morse Asset Management Inc purchased a new stake in Universal Technical Institute during the third quarter worth $152,000. State Street Corp raised its position in shares of Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company's stock worth $13,920,000 after acquiring an additional 29,461 shares during the period. Geode Capital Management LLC boosted its stake in shares of Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company's stock worth $15,496,000 after acquiring an additional 85,417 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Universal Technical Institute during the 3rd quarter valued at about $794,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Universal Technical Institute in the 3rd quarter valued at about $10,217,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on UTI shares. B. Riley initiated coverage on Universal Technical Institute in a research report on Friday, March 28th. They set a "buy" rating and a $31.00 price target on the stock. Barrington Research reiterated an "outperform" rating and set a $35.00 target price on shares of Universal Technical Institute in a research report on Thursday, April 17th. Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Northland Securities upped their price target on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $32.17.

Universal Technical Institute Price Performance

NYSE UTI traded up $0.96 during trading hours on Wednesday, hitting $27.95. 564,372 shares of the company's stock traded hands, compared to its average volume of 561,428. The company has a market capitalization of $1.52 billion, a PE ratio of 28.81, a PEG ratio of 1.92 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.14. Universal Technical Institute, Inc. has a 52-week low of $13.66 and a 52-week high of $30.56. The firm's 50-day moving average is $27.00 and its 200-day moving average is $24.49.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. Equities analysts forecast that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Insider Activity

In other Universal Technical Institute news, EVP Sherrell Smith sold 36,773 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.68, for a total transaction of $981,103.64. Following the transaction, the executive vice president now directly owns 227,358 shares in the company, valued at $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George W. Brochick sold 8,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total value of $220,720.00. Following the completion of the sale, the director now owns 34,917 shares in the company, valued at $963,360.03. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,524 shares of company stock valued at $2,578,450 in the last quarter. Insiders own 15.10% of the company's stock.

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.