CVR Partners (NYSE:UAN) Cut to Buy at StockNews.com

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

CVR Partners Trading Down 1.2 %

Shares of CVR Partners stock opened at $73.21 on Wednesday. The firm’s 50-day moving average price is $72.56 and its two-hundred day moving average price is $73.07. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.73 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners has a 12-month low of $61.62 and a 12-month high of $88.94.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 23,910 shares of CVR Partners stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $68.76 per share, for a total transaction of $1,644,051.60. Following the purchase, the insider now directly owns 55,552 shares in the company, valued at $3,819,755.52. The trade was a 75.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders purchased 70,161 shares of company stock worth $4,953,986.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. McIlrath & Eck LLC purchased a new stake in CVR Partners during the third quarter worth about $51,000. De Lisle Partners LLP lifted its stake in CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP boosted its stake in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after buying an additional 1,187 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of CVR Partners in the third quarter valued at about $244,000. Finally, Oxbow Advisors LLC raised its position in CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

About CVR Partners

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.