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

Assetmark Inc. lowered its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 46.3% during the third quarter, HoldingsChannel.com reports. The fund 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 quarter.

A number of other large investors have also recently bought and sold shares of UGP. Sequoia Financial Advisors LLC bought a new stake in shares of Ultrapar Participações during the 3rd quarter valued at about $46,000. Envestnet Portfolio Solutions Inc. acquired a new position in Ultrapar Participações in the first quarter valued at approximately $80,000. Cutter & CO Brokerage Inc. acquired a new position in Ultrapar Participações in the second quarter valued at approximately $57,000. D Orazio & Associates Inc. boosted its holdings in shares of Ultrapar Participações by 30.3% during the 2nd 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. Finally, Blue Trust Inc. grew its position in shares of Ultrapar Participações by 567.5% during the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after buying an additional 13,461 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Trading Down 4.7 %

NYSE UGP opened at $3.24 on Tuesday. Ultrapar Participações S.A. has a 52 week low of $3.23 and a 52 week high of $6.34. The business has a 50 day moving average price of $3.79 and a 200-day moving average price of $4.12. 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 company has a market cap of $3.61 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 2.68 and a beta of 1.61.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research 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 on the stock in a report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Ultrapar Participações presently has an average rating of “Hold” and a consensus target price of $5.20.

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.