Ultrapar Participacoes SA (UGP) Sees Large Decrease in Short Interest

Ultrapar Participacoes SA (NYSE:UGP) was the recipient of a large decrease in short interest in December. As of December 29th, there was short interest totalling 1,139,107 shares, a decrease of 57.0% from the December 15th total of 2,647,930 shares. Based on an average trading volume of 294,038 shares, the days-to-cover ratio is presently 3.9 days.

Shares of Ultrapar Participacoes (NYSE:UGP) opened at $24.34 on Thursday. Ultrapar Participacoes has a one year low of $20.09 and a one year high of $25.39. The company has a quick ratio of 1.98, a current ratio of 2.51 and a debt-to-equity ratio of 1.11. The stock has a market cap of $13,381.54, a price-to-earnings ratio of 26.75 and a beta of 1.05.

Ultrapar Participacoes (NYSE:UGP) last posted its earnings results on Wednesday, November 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Ultrapar Participacoes had a net margin of 2.07% and a return on equity of 18.30%. research analysts expect that Ultrapar Participacoes will post 0.92 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Boston Common Asset Management LLC boosted its holdings in shares of Ultrapar Participacoes by 4.6% in the 2nd quarter. Boston Common Asset Management LLC now owns 15,450 shares of the oil and gas company’s stock worth $364,000 after buying an additional 680 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Ultrapar Participacoes by 30.7% in the 2nd quarter. Advisor Group Inc. now owns 4,331 shares of the oil and gas company’s stock worth $102,000 after buying an additional 1,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Ultrapar Participacoes by 41.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,758 shares of the oil and gas company’s stock worth $256,000 after buying an additional 3,126 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Ultrapar Participacoes by 2.1% in the 3rd quarter. Aperio Group LLC now owns 160,810 shares of the oil and gas company’s stock worth $3,830,000 after buying an additional 3,287 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Ultrapar Participacoes by 26.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 16,434 shares of the oil and gas company’s stock worth $387,000 after buying an additional 3,410 shares during the last quarter. 4.38% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

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About Ultrapar Participacoes

Ultrapar Participacoes SA is a Brazil-based company primarily engaged in the automotive fuel retail. The Company operates in five segments: Gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers in the South, Southeast and Northeast regions of Brazil; Fuel distribution (Ipiranga), which operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles and lubricants, as well as provides related activities across the Brazilian territory; Chemicals (Oxiteno), which produces ethylene oxide, as well as its primary derivatives and fatty alcohols; Storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and Drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its drugstore chain in the states of Para and Piaui, among others.

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