Ultrapar Participações (NYSE:UGP) Sets New 1-Year Low - Should You Sell?

Ultrapar Participações S.A. (NYSE:UGP - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $2.55 and last traded at $2.56, with a volume of 207353 shares traded. The stock had previously closed at $2.59.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UGP shares. Scotiabank raised Ultrapar Participações to a "hold" rating in a research note on Friday. StockNews.com cut shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.20.

Ultrapar Participações Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market capitalization of $2.90 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 2.21 and a beta of 1.53. The stock has a 50-day moving average price of $3.17 and a two-hundred day moving average price of $3.74.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UGP. BNP Paribas Financial Markets boosted its stake in shares of Ultrapar Participações by 71.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company's stock valued at $264,000 after purchasing an additional 28,379 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Ultrapar Participações in the third quarter worth about $1,595,000. Creative Planning boosted its position in Ultrapar Participações by 45.2% during the 3rd quarter. Creative Planning now owns 55,980 shares of the oil and gas company's stock valued at $217,000 after acquiring an additional 17,430 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of Ultrapar Participações by 41.5% during the 3rd quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company's stock worth $141,000 after acquiring an additional 10,654 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Ultrapar Participações by 332.6% in the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company's stock worth $5,591,000 after acquiring an additional 1,099,433 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.