Point72 Asset Management L.P. Takes Position in Ultrapar Participações S.A. (NYSE:UGP)

Point72 Asset Management L.P. bought a new stake in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 411,100 shares of the oil and gas company's stock, valued at approximately $1,595,000.

Several other institutional investors have also bought and sold shares of UGP. Sequoia Financial Advisors LLC bought a new position in shares of Ultrapar Participações during the 3rd quarter worth approximately $46,000. Freedom Investment Management Inc. bought a new stake in Ultrapar Participações during the third quarter worth $48,000. Cutter & CO Brokerage Inc. purchased a new position in Ultrapar Participações in the second quarter worth $57,000. D Orazio & Associates Inc. grew its stake in Ultrapar Participações by 30.3% in 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 purchasing an additional 3,498 shares during the period. Finally, Blue Trust Inc. increased 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 purchasing an additional 13,461 shares during the last quarter. Institutional investors own 3.58% of the company's stock.

Analysts Set New Price Targets

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

Ultrapar Participações Stock Performance

Ultrapar Participações stock traded up $0.07 during trading on Wednesday, hitting $3.12. The stock had a trading volume of 4,160,571 shares, compared to its average volume of 1,505,677. The stock's 50 day moving average is $3.45 and its two-hundred day moving average is $3.90. Ultrapar Participações S.A. has a 1 year low of $2.80 and a 1 year high of $6.34. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

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.