Ultrapar Participacoes S.A. (Ne (NYSE:UGP) Closed Higher Than Its 50 Day Moving Average


Shares last traded at $24.72 slightly over the 50 day moving average of $23.29 and which is just over the 200 day moving average of $23.05. The 50 day moving average went up by +6.13% and the 200 day average moved up $1.67. Trading was light with 344K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 34.79% under the normal average daily volume.

Traders are a little more bearish on the company recently if you put credence in the uptick in short interest. The stock recorded a rise in short interest of 19.65% as of August 31, 2017 from the last reporting period. Short interest grew 326,095 over that period. The days to cover increased to 3.0 and the percentage of shorted shares is 0.00% as of August 31.

Here are a few substantial investment firms who have updated their positions. Jane Street Group, LLC trimmed its holdings by selling 65,977 shares a decrease of 48.6% in the quarter. Jane Street Group, LLC controls 69,816 shares with a value of $1,643,000. The value of the position overall is down by 46.8%. As of the end of the quarter Janus Capital Management LLC had bought a total of 6,572 shares growing its stake by 13.0%. The value of the investment in UGP went from $1,049,000 to $1,299,000 a change of 23.8% quarter to quarter.

Trexquant Investment Lp added to its investment by buying 9,139 shares an increase of 89.3%. Trexquant Investment Lp claims 19,376 shares worth $456,000. The total value of its holdings increased 192.3%. Charlemagne Capital Ltd divested its stake by shedding 592 shares a decrease of 4.9% from 12/31/2016 to 03/31/2017. Charlemagne Capital Ltd now holds 11,456 shares valued at $261,000. The value of the position overall is up by 4.8%.

In the market the company is trading unchanged by %% since yesterday’s close of 24.72. The company also announced a dividend paid on Tuesday the 5th of September 2017. The dividend payment was $0.138 per share for the quarter which is $0.55 annualized. The dividend yield was $2.23. The ex-dividend date was Thursday the 17th of August 2017.

The company currently has a P/E ratio of 29.96 and the market cap is 13.43B. In the latest earnings report the EPS was $0.82 and is estimated to be $0.85 for the current year with 543,373,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.30 and the next full year EPS is projected to be $0.93.

Ultrapar Participacoes S.A. (Ultrapar), launched on December 20, 1953, is a holding company. The Company engages in the investment of its capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. The Company operates in various markets: specialized distribution and retail through Ultragaz, Ipiranga and Imifarma Produtos Farmaceuticos e Cosmeticos S.A. (Extrafarma); production of specialty chemicals through Oxiteno S.A.-Industria e Comercio (Oxiteno), and liquid bulk storage services through Ultracargo Operacoes Logisticas e Participacoes Ltda. (Ultracargo). The Company operates through five segments: gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers, primarily in the South, Southeast and Northeast regions of Brazil; fuel distribution (Ipiranga), which is involved in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities across the Brazilian territory; chemicals (Oxiteno), which produces ethylene oxide, and 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 own drugstore chain in the states of Para, Amapa, Maranhao, Piaui, Ceara and Rio Grande do Norte..