Barclays PLC Lowers Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Barclays PLC decreased its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 92.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,433 shares of the oil and gas company’s stock after selling 96,527 shares during the quarter. Barclays PLC’s holdings in Ultrapar Participações were worth $33,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Ultrapar Participações by 26.0% during the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 10,037 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Ultrapar Participações in the 3rd quarter worth $1,595,000. Walleye Capital LLC increased its holdings in shares of Ultrapar Participações by 41.5% in the 3rd quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 10,654 shares in the last quarter. Freedom Investment Management Inc. bought a new stake in shares of Ultrapar Participações in the 3rd quarter worth $48,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Ultrapar Participações by 71.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock worth $264,000 after purchasing an additional 28,379 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

Shares of UGP opened at $2.59 on Friday. 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 firm has a market capitalization of $2.89 billion, a P/E ratio of 5.63, a PEG ratio of 2.21 and a beta of 1.52. The business has a fifty day moving average of $3.02 and a 200 day moving average of $3.67.

Wall Street Analysts Forecast Growth

UGP has been the subject of a number of research analyst reports. Scotiabank raised Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday. Finally, StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ultrapar Participações 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.