StockNews.com Downgrades CVR Partners (NYSE:UAN) to Hold

CVR Partners (NYSE:UAN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

CVR Partners Trading Up 0.2 %

UAN stock opened at $70.07 on Wednesday. The firm’s fifty day moving average is $72.59 and its 200 day moving average is $75.57. CVR Partners has a one year low of $60.50 and a one year high of $88.94. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.73 and a current ratio of 3.09.

CVR Partners (NYSE:UAN) last posted its earnings results on Monday, July 29th. The basic materials company reported $2.48 EPS for the quarter. The firm had revenue of $132.90 million for the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%.

Institutional Investors Weigh In On CVR Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oxbow Advisors LLC purchased a new position in CVR Partners during the second quarter valued at $212,000. Aristides Capital LLC acquired a new stake in CVR Partners in the 4th quarter worth about $256,000. Virtu Financial LLC purchased a new stake in CVR Partners during the 1st quarter worth approximately $506,000. Jump Financial LLC raised its holdings in shares of CVR Partners by 76.4% during the fourth quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after acquiring an additional 3,556 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CVR Partners during the first quarter valued at approximately $820,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.