Jump Financial LLC Purchases 16,697 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Jump Financial LLC boosted its position in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 49.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,566 shares of the company’s stock after buying an additional 16,697 shares during the quarter. Jump Financial LLC’s holdings in Universal Technical Institute were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Universal Technical Institute by 3.6% during the third 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 last quarter. Geode Capital Management LLC increased its holdings in Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after purchasing an additional 85,417 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Universal Technical Institute by 362.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,929 shares of the company’s stock valued at $9,691,000 after purchasing an additional 295,408 shares during the period. Rhumbline Advisers raised its position in Universal Technical Institute by 37.4% during the 4th quarter. Rhumbline Advisers now owns 71,407 shares of the company’s stock valued at $1,836,000 after purchasing an additional 19,453 shares during the last quarter. Finally, Pier Capital LLC lifted its holdings in Universal Technical Institute by 2.4% in the 4th quarter. Pier Capital LLC now owns 566,663 shares of the company’s stock worth $14,569,000 after buying an additional 13,281 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Activity at Universal Technical Institute

In related news, Director George W. Brochick sold 8,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.59, for a total transaction of $220,720.00. Following the sale, the director now directly owns 34,917 shares of the company’s stock, valued at approximately $963,360.03. This represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sherrell Smith sold 36,773 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.68, for a total transaction of $981,103.64. Following the sale, the executive vice president now owns 227,358 shares of the company’s stock, valued at approximately $6,065,911.44. This represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 94,524 shares of company stock valued at $2,578,450 in the last 90 days. Corporate insiders own 15.10% of the company’s stock.

Universal Technical Institute Stock Down 1.4 %

NYSE:UTI opened at $27.35 on Friday. Universal Technical Institute, Inc. has a 1-year low of $13.66 and a 1-year high of $30.56. The company has a market capitalization of $1.49 billion, a PE ratio of 28.19, a P/E/G ratio of 1.92 and a beta of 1.48. The firm’s 50-day moving average price is $27.04 and its 200-day moving average price is $24.34. 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 (NYSE:UTI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. On average, equities analysts predict that Universal Technical Institute, Inc. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on UTI. Northland Securities upped their target price on Universal Technical Institute from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Rosenblatt Securities upped their price objective 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. Barrington Research reaffirmed an “outperform” rating and set a $35.00 target price on shares of Universal Technical Institute in a research note on Thursday. B. Riley assumed coverage on shares of Universal Technical Institute in a research note on Friday, March 28th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Lake Street Capital lifted their price objective on Universal Technical Institute from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $32.17.

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.