Virtu Financial LLC Acquires New Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Virtu Financial LLC bought a new stake in shares of Ultrapar Participações S.A. (NYSE:UGP) in the third quarter, Holdings Channel.com reports. The firm bought 116,408 shares of the oil and gas company’s stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UGP. Sequoia Financial Advisors LLC acquired a new position in Ultrapar Participações during the 3rd quarter valued at about $46,000. Freedom Investment Management Inc. acquired a new position in Ultrapar Participações during the 3rd quarter valued at about $48,000. Cutter & CO Brokerage Inc. acquired a new position in Ultrapar Participações during the 2nd quarter valued at about $57,000. D Orazio & Associates Inc. boosted its stake in 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 purchasing an additional 3,498 shares during the period. Finally, Blue Trust Inc. boosted its stake in 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 period. 3.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Trading Down 4.1 %

Shares of NYSE:UGP opened at $2.81 on Monday. The company has a 50 day moving average of $3.41 and a 200-day moving average of $3.87. The firm has a market cap of $3.13 billion, a P/E ratio of 6.11, a P/E/G ratio of 2.21 and a beta of 1.53. Ultrapar Participações S.A. has a twelve month low of $2.80 and a twelve month high of $6.34. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

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.