Ritholtz Wealth Management Sells 38,668 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Ritholtz Wealth Management reduced its position in Ultrapar Participações S.A. (NYSE:UGP) by 13.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 244,579 shares of the oil and gas company’s stock after selling 38,668 shares during the period. Ritholtz Wealth Management’s holdings in Ultrapar Participações were worth $643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UGP. Sequoia Financial Advisors LLC bought a new stake in shares of Ultrapar Participações during the third quarter valued at about $46,000. Freedom Investment Management Inc. bought a new stake in shares of Ultrapar Participações during the third quarter valued at about $48,000. Signaturefd LLC increased its position in shares of Ultrapar Participações by 67.9% during the third 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 during the period. PDS Planning Inc increased 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 period. Finally, Blue Trust Inc. increased its position in shares of Ultrapar Participações by 109.2% during the third quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 17,291 shares during the period. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participações Trading Down 1.3 %

Ultrapar Participações stock opened at $2.66 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações S.A. has a one year low of $2.53 and a one year high of $6.34. The stock has a market capitalization of $2.96 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. The business’s fifty day moving average is $2.88 and its 200 day moving average is $3.60.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank upgraded shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday. StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Ultrapar Participações from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4.10.

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.