Hedge Funds Now Own 96.2% Of Ultra Petroleum Corp. (UPL)

Ultra Petroleum Corp. (NASDAQ:UPL) has made a 46.06% comeback from a 12-month low price of $3.43. It was seen 8.21% higher, changing the price to $5.01, when the closing bell rang on 03/13/2018. At recent session, the prices were hovering between $4.605 and $5.14. This company shares are 84.63% off its target price of $9.25 and the current market capitalization stands at $920.79M. The recent change has given its price a -21.36% deficit over SMA 50 and -63.16% deficit over its 52-week high. The stock witnessed 1.42% gains, -45.25% declines and -38.75% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UPL’s volatility during a week at 9.5% and during a month it has been found around 9.22%.

Ultra Petroleum Corp. (UPL) Top Holders

Institutional investors currently hold around $864 million or 96.2% in UPL stock. Look at its top three institutional owners. Fir Tree Capital Management Lp owns $168.44 million in Ultra Petroleum Corp., which represents roughly 18.29% of the company’s market cap and approximately 19.5% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 15,536,318 shares of the stock are valued at $71.93 million. The third largest holder is Blackrock Inc., which currently holds $60 million worth of this stock and that ownership represents nearly 6.52% of its market capitalization.

Ultra Petroleum Corp. 13F Filings

At the end of 12/31/2017 reporting period, 73 institutional holders increased their position in Ultra Petroleum Corp. (NASDAQ:UPL) by some 37,741,231 shares, 89 decreased positions by 44,232,118 and 31 held positions by 104,540,083. That puts total institutional holdings at 186,513,432 shares, according to SEC filings. The stock grabbed 34 new institutional investments totaling 29,572,656 shares while 29 institutional investors sold out their entire positions totaling 5,326,352 shares.

Ultra Petroleum Corp. (NASDAQ:UPL) Insider Trades

Multiple company employees have indulged in significant insider trading. Ultra Petroleum Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Fir Tree Inc. has acquired 100,000 shares of Ultra Petroleum Corp. (UPL) in trading session dated Sep. 01, 2017. These shares are worth $800,000 and were traded at $8 each. The SEC filing shows that Fir Tree Inc. performed a purchase of 1,323,900 shares. The 10% Owner added these shares by way of transaction on Aug. 31, 2017. The company’s shares were assimilated at $7.81 per share worth to an investment of some $10,339,659 on account of Fir Tree Inc..

10% Owner, Fir Tree Inc., purchased 1,549,899 common shares of Ultra Petroleum Corp. (UPL) in the open market. In a transaction dated Aug. 28, 2017, the shares were bought at an average price of $7.85, giving away a sum of $12,166,707. After this purchase, 34,955,650 common shares of UPL are directly owned by the insider, with total stake valued at $175,127,807.

In the transaction dated Aug. 23, 2017, the great number of shares acquired came courtesy the 10% Owner; Fir Tree Inc. added a total of 3,044,821 shares at an average price of $8.16, amounting to approximately $24,845,739. The insider now directly owns 33,405,751 shares worth $167,362,813.

Ultra Petroleum Corp. (UPL) Analyst Guide

Several analysts have released their opinion on Ultra Petroleum Corp. (NASDAQ:UPL), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.

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