Walleye Capital LLC Has $141,000 Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Walleye Capital LLC grew its stake in Ultrapar Participações S.A. (NYSE:UGP) by 41.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,299 shares of the oil and gas company’s stock after buying an additional 10,654 shares during the period. Walleye Capital LLC’s holdings in Ultrapar Participações were worth $141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning increased its stake 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 during the period. Marshall Wace LLP increased its stake 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 during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Ultrapar Participações in the third quarter valued at about $46,000. Signaturefd LLC increased its stake 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 during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Ultrapar Participações during the 2nd quarter valued at about $5,887,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Stock Up 2.3 %

UGP stock opened at $3.12 on Thursday. Ultrapar Participações S.A. has a twelve month low of $2.80 and a twelve month 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. The stock’s 50 day moving average is $3.45 and its 200-day moving average is $3.90. The firm has a market capitalization of $3.48 billion, a PE ratio of 6.78, a P/E/G ratio of 2.31 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.