Jump Financial LLC Sells 11,766 Shares of Universal Technical Institute Inc $UTI

Key Points

• Jump Financial LLC has reduced its position in Universal Technical Institute shares by 23.3%, now holding 38,800 shares valued at approximately $996,000.
• Vanguard Group Inc. and Lord Abbett & CO. LLC significantly increased their stakes in Universal Technical Institute by 11.2% and 58.3%, respectively, while institutional investors own 75.67% of the company's stock.
• Universal Technical Institute reported earnings of $0.19 per share for the latest quarter, surpassing estimates and showing revenue of $204.30 million.

Jump Financial LLC decreased its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 23.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,800 shares of the company's stock after selling 11,766 shares during the period. Jump Financial LLC owned approximately 0.07% of Universal Technical Institute worth $996,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Universal Technical Institute by 2,671.7% in the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock valued at $224,000 after purchasing an additional 8,416 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter valued at $3,085,000. Teacher Retirement System of Texas boosted its stake in shares of Universal Technical Institute by 100.5% in the 1st quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company's stock valued at $939,000 after purchasing an additional 18,320 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Universal Technical Institute by 15.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after purchasing an additional 12,017 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its stake in shares of Universal Technical Institute by 46.4% in the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock valued at $2,453,000 after purchasing an additional 30,250 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on UTI. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial increased their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Barrington Research reiterated an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Finally, Lake Street Capital reissued a "buy" rating and set a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded down $0.27 during trading on Monday, reaching $26.62. 551,922 shares of the company traded hands, compared to its average volume of 976,889. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.45 billion, a PE ratio of 23.35, a P/E/G ratio of 1.67 and a beta of 1.65. The firm has a 50 day simple moving average of $30.11 and a 200-day simple moving average of $29.87. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Equities research analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current year.

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.