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

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

CVR Partners Stock Down 1.1 %

NYSE:UAN traded down $0.73 during mid-day trading on Wednesday, reaching $68.20. The stock had a trading volume of 47,791 shares, compared to its average volume of 34,644. The business’s 50 day moving average is $69.74 and its 200 day moving average is $75.69. CVR Partners has a fifty-two week low of $60.50 and a fifty-two week high of $88.94. The company has a current ratio of 3.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.80.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $2.48 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.

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently added to or reduced their stakes in UAN. Founders Financial Alliance LLC boosted its position in shares of CVR Partners by 9.0% in the second 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 during the period. SG Americas Securities LLC bought a new stake in shares of CVR Partners in the first quarter valued at approximately $820,000. Virtu Financial LLC bought a new stake in shares of CVR Partners in the first quarter valued at approximately $506,000. Finally, Oxbow Advisors LLC bought a new stake in shares of CVR Partners in the second quarter valued at approximately $212,000. Institutional investors own 43.83% of the company’s stock.

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.