Virtu Financial LLC Cuts Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Virtu Financial LLC decreased its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 56.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,716 shares of the oil and gas company’s stock after selling 42,688 shares during the period. Virtu Financial LLC’s holdings in Ultrapar Participações were worth $177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Natixis Advisors L.P. purchased a new stake in shares of Ultrapar Participações during the fourth quarter worth about $1,169,000. Metis Global Partners LLC acquired a new position in Ultrapar Participações during the 4th quarter valued at approximately $151,000. Aprio Wealth Management LLC purchased a new position in shares of Ultrapar Participações in the fourth quarter worth $125,000. Fulton Bank N.A. acquired a new stake in shares of Ultrapar Participações during the fourth quarter worth $155,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Ultrapar Participações during the third quarter valued at $336,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Stock Up 1.0 %

Ultrapar Participações stock opened at $4.02 on Monday. The business’s 50-day moving average price is $4.71 and its 200 day moving average price is $5.33. The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.63. Ultrapar Participações S.A. has a 52 week low of $3.39 and a 52 week high of $6.34.

Ultrapar Participações (NYSE:UGP) last posted its earnings results on Wednesday, May 8th. The oil and gas company reported $0.08 earnings per share for the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%. The firm had revenue of $6.14 billion during the quarter. As a group, sell-side analysts anticipate that Ultrapar Participações S.A. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on UGP. StockNews.com cut Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Citigroup upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th. The Goldman Sachs Group raised their price target on shares of Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Itau BBA Securities downgraded shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.65.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.