Ritholtz Wealth Management Has $307,000 Stock Holdings in Ultrapar Participacoes S.A. (NYSE:UGP)

Ritholtz Wealth Management cut its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 59.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,615 shares of the oil and gas company’s stock after selling 144,964 shares during the period. Ritholtz Wealth Management’s holdings in Ultrapar Participacoes were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Polunin Capital Partners Ltd acquired a new stake in Ultrapar Participacoes in the first quarter worth $26,736,000. Renaissance Technologies LLC increased its position in shares of Ultrapar Participacoes by 74.3% during the fourth quarter. Renaissance Technologies LLC now owns 3,513,800 shares of the oil and gas company’s stock worth $9,241,000 after acquiring an additional 1,497,300 shares in the last quarter. Marshall Wace LLP increased its position in shares of Ultrapar Participacoes by 18.7% during the fourth quarter. Marshall Wace LLP now owns 2,821,125 shares of the oil and gas company’s stock worth $7,420,000 after acquiring an additional 444,724 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ultrapar Participacoes by 6.5% during the fourth quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company’s stock worth $4,671,000 after acquiring an additional 108,213 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Ultrapar Participacoes by 58.2% during the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company’s stock worth $4,351,000 after acquiring an additional 608,951 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes Stock Down 2.0%

Shares of UGP stock opened at $3.12 on Friday. The firm has a fifty day moving average of $3.03 and a 200-day moving average of $2.91. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.76. Ultrapar Participacoes S.A. has a 12-month low of $2.53 and a 12-month high of $4.51. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 2.23 and a beta of 1.03.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Saturday, May 17th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3.20.

Ultrapar Participacoes 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.