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

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

CVR Partners Stock Performance

Shares of NYSE UAN traded down $5.20 during trading on Wednesday, reaching $64.96. 114,078 shares of the stock traded hands, compared to its average volume of 34,399. The company has a 50-day moving average of $69.23 and a 200-day moving average of $74.89. CVR Partners has a 52-week low of $60.50 and a 52-week high of $88.94. The stock has a market capitalization of $1.11 billion, a P/E ratio of 13.88 and a beta of 1.27. 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 posted its earnings results on Monday, July 29th. The basic materials company reported $2.48 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%. The firm had revenue of $132.90 million for the quarter.

Hedge Funds Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Founders Financial Alliance LLC raised its holdings in shares of CVR Partners by 9.0% in 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. Oxbow Advisors LLC bought a new position in shares of CVR Partners in the second quarter worth approximately $212,000. Exchange Traded Concepts LLC purchased a new stake in CVR Partners in the third quarter valued at approximately $293,000. Virtu Financial LLC bought a new stake in CVR Partners during the first quarter valued at approximately $506,000. Finally, SG Americas Securities LLC bought a new stake in CVR Partners during the first quarter valued at approximately $820,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.