Natixis Advisors LLC Sells 192,099 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Natixis Advisors LLC cut its position in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 62.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,657 shares of the oil and gas company's stock after selling 192,099 shares during the quarter. Natixis Advisors LLC's holdings in Ultrapar Participações were worth $457,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its position in shares of Ultrapar Participações by 45.2% in the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company's stock valued at $217,000 after buying an additional 17,430 shares in the last quarter. Marshall Wace LLP raised its position in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company's stock valued at $5,591,000 after buying an additional 1,099,433 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Ultrapar Participações in the third quarter valued at approximately $46,000. Signaturefd LLC raised its position in shares of Ultrapar Participações by 67.9% in the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company's stock valued at $62,000 after buying an additional 6,476 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Ultrapar Participações in the second quarter valued at approximately $5,887,000. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participações Price Performance

Shares of NYSE UGP traded down $0.11 during midday trading on Friday, reaching $2.95. 4,201,144 shares of the company were exchanged, compared to its average volume of 1,453,342. The stock's 50-day moving average price is $3.61 and its 200-day moving average price is $4.01. The stock has a market cap of $3.29 billion, a P/E ratio of 6.65, a PEG ratio of 2.41 and a beta of 1.61. Ultrapar Participações S.A. has a one year low of $2.80 and a one year high of $6.34. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $5.20.

Ultrapar Participações 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.