Ultrapar Participações S.A. (NYSE:UGP) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. lowered its position in Ultrapar Participações S.A. (NYSE:UGP) by 29.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,716 shares of the oil and gas company’s stock after selling 8,314 shares during the quarter. Atomi Financial Group Inc.’s holdings in Ultrapar Participações were worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Ultrapar Participações by 71.8% in the third quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 28,379 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Ultrapar Participações during the 3rd quarter valued at approximately $1,595,000. Creative Planning grew its position in shares of Ultrapar Participações by 45.2% during the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock worth $217,000 after buying an additional 17,430 shares in the last quarter. Walleye Capital LLC grew its position in shares of Ultrapar Participações by 41.5% during the third quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock worth $141,000 after buying an additional 10,654 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after buying an additional 1,099,433 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UGP. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. HSBC upgraded Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group decreased their target price on Ultrapar Participações from $4.80 to $4.10 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.10.

Ultrapar Participações Stock Performance

Shares of UGP opened at $2.85 on Tuesday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 2.47 and a beta of 1.52. The firm has a fifty day moving average of $2.81 and a 200-day moving average of $3.55. Ultrapar Participações S.A. has a 1 year low of $2.53 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

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.