Ultrapar Participações (NYSE:UGP) Reaches New 1-Year Low – Here’s What Happened

Ultrapar Participações S.A. (NYSE:UGP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.14 and last traded at $3.14, with a volume of 7289 shares. The stock had previously closed at $3.24.

Wall Street Analysts Forecast Growth

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

Ultrapar Participações Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $3.52 billion, a PE ratio of 7.04, a P/E/G ratio of 2.53 and a beta of 1.61. The company’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $4.09.

Hedge Funds Weigh In On Ultrapar Participações

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações during the third quarter valued at $46,000. Freedom Investment Management Inc. acquired a new stake in shares of Ultrapar Participações in the third quarter valued at about $48,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Ultrapar Participações in the second quarter valued at about $57,000. D Orazio & Associates Inc. raised its position 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 valued at $59,000 after buying an additional 3,498 shares during the last quarter. Finally, Blue Trust Inc. raised 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 buying an additional 13,461 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.