CVR Partners (NYSE:UAN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of CVR Partners, LP (NYSE:UAN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $73.43 and traded as high as $80.00. CVR Partners shares last traded at $79.55, with a volume of 6,989 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th.

CVR Partners Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The company has a market capitalization of $1.36 billion, a P/E ratio of 16.01 and a beta of 1.35. The stock has a 50-day moving average price of $78.40 and a 200-day moving average price of $73.43.

Insider Transactions at CVR Partners

In related news, major shareholder Carl C. Icahn acquired 4,593 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $72.76 per share, for a total transaction of $334,186.68. Following the completion of the transaction, the insider now directly owns 91,640 shares of the company’s stock, valued at $6,667,726.40. The trade was a 5.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 44,658 shares of company stock worth $3,272,444 over the last ninety days.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds have recently made changes to their positions in UAN. De Lisle Partners LLP increased its holdings in CVR Partners by 18.1% in the third 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. Exchange Traded Concepts LLC bought a new stake in CVR Partners in the third quarter worth approximately $293,000. Apollon Wealth Management LLC bought a new stake in CVR Partners in the third quarter worth approximately $244,000. Raymond James Financial Inc. bought a new stake in CVR Partners in the fourth quarter worth approximately $233,000. Finally, GSA Capital Partners LLP increased its holdings in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after purchasing an additional 1,187 shares in the last quarter. 43.83% of the stock is currently owned by 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.