Walleye Capital LLC Buys 10,654 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Walleye Capital LLC lifted its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 41.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,299 shares of the oil and gas company’s stock after purchasing an additional 10,654 shares during the period. Walleye Capital LLC’s holdings in Ultrapar Participações were worth $141,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Ultrapar Participações during the third quarter worth $46,000. Freedom Investment Management Inc. acquired a new position in shares of Ultrapar Participações during the third quarter valued at $48,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Ultrapar Participações during the second quarter valued at $57,000. D Orazio & Associates Inc. lifted its stake in shares of Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 13,461 shares during the period. Institutional investors own 3.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Up 2.3 %

NYSE:UGP opened at $3.12 on Thursday. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.53. Ultrapar Participações S.A. has a twelve month low of $2.80 and a twelve month high of $6.34. The stock’s 50 day moving average price is $3.45 and its two-hundred day moving average price is $3.90. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

About Ultrapar Participações

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.