CVR Partners (NYSE:UAN) Downgraded by StockNews.com

CVR Partners (NYSE:UAN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

CVR Partners Price Performance

CVR Partners stock traded down $0.70 during midday trading on Thursday, reaching $77.65. The company had a trading volume of 16,971 shares, compared to its average volume of 36,520. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.29 and a quick ratio of 1.38. CVR Partners has a 12-month low of $60.50 and a 12-month high of $91.82. The company has a market capitalization of $820.76 million, a P/E ratio of 9.88 and a beta of 1.30. The firm’s fifty day simple moving average is $78.16 and its 200-day simple moving average is $75.61.

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

Institutional Trading of CVR Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Independent Advisor Alliance grew its holdings in shares of CVR Partners by 8.8% in the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after purchasing an additional 1,377 shares during the period. Jump Financial LLC boosted its holdings in CVR Partners by 76.4% in the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after purchasing an additional 3,556 shares during the last quarter. Aristides Capital LLC purchased a new stake in shares of CVR Partners in the 4th quarter valued at approximately $256,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the 1st quarter worth approximately $506,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of CVR Partners during the 4th quarter valued at approximately $458,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.