Jane Street Group LLC Has $628,000 Stake in Universal Technical Institute, Inc. (NYSE:UTI)

Jane Street Group LLC decreased its position in Universal Technical Institute, Inc. (NYSE:UTI) by 51.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,645 shares of the company’s stock after selling 40,695 shares during the period. Jane Street Group LLC owned about 0.07% of Universal Technical Institute worth $628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after purchasing an additional 1,564 shares during the period. Quarry LP boosted its stake in shares of Universal Technical Institute by 380.6% during the 3rd 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. International Assets Investment Management LLC boosted its stake in shares of Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Universal Technical Institute during the 3rd quarter valued at $152,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after buying an additional 9,512 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Up 3.1 %

UTI stock opened at $26.20 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. Universal Technical Institute, Inc. has a 1 year low of $12.14 and a 1 year high of $26.71. The company has a fifty day simple moving average of $23.18 and a 200 day simple moving average of $18.94. The firm has a market cap of $1.42 billion, a PE ratio of 35.41, a PEG ratio of 1.78 and a beta of 1.48.

Analysts Set New Price Targets

UTI has been the subject of a number of research reports. Rosenblatt Securities lifted their target price on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Lake Street Capital lifted their target price 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. Northland Securities lifted their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Truist Financial lifted their target price on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Barrington Research lifted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $26.33.

Universal Technical Institute 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.