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

Jane Street Group LLC lowered its holdings in Universal Technical Institute, Inc. (NYSE:UTI) by 51.3% during the third quarter, HoldingsChannel.com reports. The fund owned 38,645 shares of the company’s stock after selling 40,695 shares during the period. Jane Street Group LLC’s holdings in Universal Technical Institute were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Covestor Ltd boosted its position in Universal Technical Institute by 6,256.0% in the third 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. Quarry LP boosted its position in 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 in the last quarter. International Assets Investment Management LLC boosted its position in Universal Technical Institute by 1,526.0% in the third 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Universal Technical Institute by 95,120.0% in the second 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 in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Universal Technical Institute in the third quarter valued at about $152,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

Shares of UTI stock opened at $26.20 on Friday. Universal Technical Institute, Inc. has a 1 year low of $12.14 and a 1 year high of $26.71. The firm’s 50 day moving average is $23.18 and its 200-day moving average is $18.94. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 1.78 and a beta of 1.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

A number of research firms have commented on UTI. B. Riley boosted their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Rosenblatt Securities boosted their price target on shares of Universal Technical Institute from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Northland Securities upped their target price on shares of Universal Technical Institute from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Lake Street Capital upped their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Barrington Research upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $26.33.

Insider Buying and Selling

In related news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction that occurred 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 directly owns 128,205 shares of the company’s stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.