Jane Street Group LLC Raises Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Jane Street Group LLC raised its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 26.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,712 shares of the oil and gas company’s stock after acquiring an additional 10,037 shares during the quarter. Jane Street Group LLC’s holdings in Ultrapar Participações were worth $189,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UGP. Sequoia Financial Advisors LLC bought a new stake in Ultrapar Participações during the 3rd quarter valued at approximately $46,000. Freedom Investment Management Inc. purchased a new stake in Ultrapar Participações during the 3rd quarter valued at approximately $48,000. Signaturefd LLC grew its holdings in Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 6,476 shares in the last quarter. PDS Planning Inc raised its position in shares of Ultrapar Participações by 90.2% during the third quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock valued at $83,000 after buying an additional 10,153 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Ultrapar Participações by 109.2% in the third quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock worth $130,000 after buying an additional 17,291 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Price Performance

Ultrapar Participações stock opened at $2.59 on Monday. Ultrapar Participações S.A. has a 52-week low of $2.53 and a 52-week high of $6.34. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $3.00 and its 200 day moving average is $3.65. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 2.21 and a beta of 1.52.

Analyst Ratings Changes

UGP has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Finally, StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ultrapar Participações presently has an average rating of “Hold” and an average price target of $5.20.

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.