CVR Partners (NYSE:UAN) Upgraded at StockNews.com

CVR Partners (NYSE:UAN) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

CVR Partners Trading Down 0.0 %

Shares of UAN opened at $67.40 on Thursday. The business’s 50-day moving average price is $71.27 and its 200 day moving average price is $75.74. CVR Partners has a 1-year low of $60.50 and a 1-year high of $88.94. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.09 and a quick ratio of 1.73.

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 company had revenue of $132.90 million for the quarter.

Hedge Funds Weigh In On CVR Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. Founders Financial Alliance LLC grew its stake in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares in the last quarter. SG Americas Securities LLC purchased a new position in CVR Partners during the 1st quarter valued at about $820,000. Virtu Financial LLC purchased a new position in CVR Partners during the 1st quarter valued at about $506,000. Aristides Capital LLC acquired a new stake in shares of CVR Partners during the 4th quarter valued at about $256,000. Finally, Oxbow Advisors LLC acquired a new position in CVR Partners in the second quarter worth approximately $212,000. 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.