Two Sigma Investments LP Increases Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Two Sigma Investments LP grew its stake in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 58.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,654,373 shares of the oil and gas company's stock after buying an additional 608,951 shares during the period. Two Sigma Investments LP owned 0.15% of Ultrapar Participações worth $4,351,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UGP. Mercer Global Advisors Inc. ADV bought a new stake in Ultrapar Participações during the 4th quarter valued at approximately $29,000. Franklin Resources Inc. bought a new stake in Ultrapar Participações during the 4th quarter valued at approximately $31,000. Signaturefd LLC raised its stake in Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock valued at $52,000 after purchasing an additional 3,688 shares during the period. QRG Capital Management Inc. raised its stake in Ultrapar Participações by 38.1% during the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock valued at $54,000 after purchasing an additional 5,687 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Ultrapar Participações by 49.6% during the 4th quarter. Quadrant Capital Group LLC now owns 27,813 shares of the oil and gas company's stock valued at $73,000 after purchasing an additional 9,220 shares during the period. 3.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on UGP. Wall Street Zen downgraded Ultrapar Participações from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.20.

Ultrapar Participações Price Performance

NYSE:UGP traded down $0.13 during trading hours on Friday, reaching $2.84. The stock had a trading volume of 1,333,244 shares, compared to its average volume of 1,688,825. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. Ultrapar Participações S.A. has a 52 week low of $2.53 and a 52 week high of $4.52. The company has a 50 day moving average price of $3.01 and a two-hundred day moving average price of $2.93. The stock has a market capitalization of $3.17 billion, a PE ratio of 6.17, a PEG ratio of 2.39 and a beta of 1.13.

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.