Point72 Asset Management L.P. Invests $1.60 Million in Ultrapar Participações S.A. (NYSE:UGP)

Point72 Asset Management L.P. purchased a new position in Ultrapar Participações S.A. (NYSE:UGP) during the third quarter, Holdings Channel reports. The institutional investor purchased 411,100 shares of the oil and gas company’s stock, valued at approximately $1,595,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Ultrapar Participações during the 3rd quarter valued at $46,000. Freedom Investment Management Inc. acquired a new position in shares of Ultrapar Participações during the 3rd quarter valued at $48,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Ultrapar Participações during the 2nd quarter valued at $57,000. D Orazio & Associates Inc. lifted its position 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 valued at $59,000 after acquiring an additional 3,498 shares during the period. Finally, Blue Trust Inc. lifted 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 valued at $62,000 after acquiring an additional 13,461 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

UGP opened at $3.05 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $3.47 and its two-hundred day moving average price is $3.90. Ultrapar Participações S.A. has a 1-year low of $2.80 and a 1-year high of $6.34. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 2.31 and a beta of 1.53.

Wall Street Analysts Forecast Growth

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

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.