Quantbot Technologies LP Reduces Position in Ultrapar Participações S.A. (NYSE:UGP)

Quantbot Technologies LP lessened its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 62.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,424 shares of the oil and gas company’s stock after selling 63,510 shares during the quarter. Quantbot Technologies LP’s holdings in Ultrapar Participações were worth $149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in Ultrapar Participações during the 3rd quarter valued at $46,000. Cutter & CO Brokerage Inc. bought a new position in Ultrapar Participações in the 2nd quarter worth about $57,000. D Orazio & Associates Inc. lifted its holdings in shares of Ultrapar Participações by 30.3% in 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. boosted its position in shares of Ultrapar Participações by 567.5% in 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. Finally, Signaturefd LLC grew its stake in 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 acquiring an additional 6,476 shares in the last quarter. 3.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Trading Up 3.0 %

Shares of Ultrapar Participações stock opened at $3.05 on Friday. The company has a 50 day simple moving average of $3.52 and a two-hundred day simple moving average of $3.95. The firm has a market cap of $3.40 billion, a PE ratio of 6.63, a PEG ratio of 2.33 and a beta of 1.53. Ultrapar Participações S.A. has a 1 year low of $2.80 and a 1 year high of $6.34. 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 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.