Metis Global Partners LLC Has $157,000 Stake in Ultrapar Participações S.A. (NYSE:UGP)

Metis Global Partners LLC lifted its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 33.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 40,340 shares of the oil and gas company’s stock after purchasing an additional 10,119 shares during the quarter. Metis Global Partners LLC’s holdings in Ultrapar Participações were worth $157,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. D Orazio & Associates Inc. lifted its stake in Ultrapar Participações by 30.3% in 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 acquiring an additional 3,498 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Ultrapar Participações by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 4,757 shares during the last quarter. Aigen Investment Management LP grew its position in Ultrapar Participações by 19.4% in the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after purchasing an additional 6,205 shares in the last quarter. Signaturefd LLC increased its stake in Ultrapar Participações by 67.9% in the 3rd 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 last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in Ultrapar Participações by 7.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after buying an additional 7,638 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UGP shares. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. The Goldman Sachs Group lowered their price target on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Ultrapar Participações presently has a consensus rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Stock Down 0.6 %

Shares of UGP stock opened at $3.22 on Wednesday. Ultrapar Participações S.A. has a 52-week low of $3.19 and a 52-week high of $6.34. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 2.68 and a beta of 1.61. The firm’s 50-day moving average is $3.75 and its 200-day moving average is $4.09. 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 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.