CVR Partners (NYSE:UAN – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
CVR Partners Price Performance
NYSE:UAN opened at $74.48 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.76 and a debt-to-equity ratio of 1.55. The business’s 50-day simple moving average is $83.89 and its two-hundred day simple moving average is $88.51. The stock has a market cap of $787.25 million, a PE ratio of 3.32 and a beta of 1.39. CVR Partners has a 52 week low of $72.21 and a 52 week high of $139.97.
CVR Partners (NYSE:UAN – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The basic materials company reported $5.66 EPS for the quarter. The business had revenue of $183.01 million for the quarter. CVR Partners had a return on equity of 63.19% and a net margin of 30.50%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in UAN. Coppell Advisory Solutions LLC purchased a new position in shares of CVR Partners during the second quarter valued at about $28,000. Van ECK Associates Corp purchased a new position in shares of CVR Partners during the second quarter valued at about $29,000. Advisory Services Network LLC grew its position in shares of CVR Partners by 508.5% during the first quarter. Advisory Services Network LLC now owns 359 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of CVR Partners during the second quarter valued at about $40,000. Finally, Citigroup Inc. purchased a new position in shares of CVR Partners during the first quarter valued at about $55,000. Hedge funds and other institutional investors own 8.26% 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.