Assetmark Inc. Has $59,000 Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Assetmark Inc. lessened its stake in Ultrapar Participações S.A. (NYSE:UGP) by 46.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,165 shares of the oil and gas company’s stock after selling 13,082 shares during the quarter. Assetmark Inc.’s holdings in Ultrapar Participações were worth $59,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in Ultrapar Participações in the third quarter valued at about $46,000. Cutter & CO Brokerage Inc. bought a new stake in shares of Ultrapar Participações during the second quarter worth $57,000. D Orazio & Associates Inc. increased its holdings 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 worth $59,000 after buying an additional 3,498 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Ultrapar Participações by 567.5% in the 2nd 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 last quarter. Finally, Signaturefd LLC boosted its holdings in shares of 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 acquiring an additional 6,476 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Down 4.7 %

Shares of UGP opened at $3.24 on Tuesday. The stock’s 50-day moving average price is $3.79 and its two-hundred day moving average price is $4.12. Ultrapar Participações S.A. has a 12 month low of $3.23 and a 12 month high of $6.34. The company has a market capitalization of $3.61 billion, a PE ratio of 7.04, a PEG ratio of 2.68 and a beta of 1.61. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Ultrapar Participações 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.