StockNews.com Upgrades CVR Partners (NYSE:UAN) to “Buy”

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

CVR Partners Stock Down 0.2 %

UAN stock opened at $73.85 on Thursday. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80. 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 $1.26 billion, a PE ratio of 15.78 and a beta of 1.27. The firm has a 50 day moving average of $69.31 and a 200 day moving average of $75.44.

CVR Partners (NYSE:UAN) last released its earnings results 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 during the quarter.

Hedge Funds Weigh In On CVR Partners

Several institutional investors and hedge funds have recently modified their holdings of UAN. Founders Financial Alliance LLC grew its holdings in CVR Partners by 9.0% during the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares during the period. SG Americas Securities LLC purchased a new stake in CVR Partners in the 1st quarter worth approximately $820,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the 1st quarter worth approximately $506,000. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners during the 3rd quarter valued at approximately $293,000. Finally, Oxbow Advisors LLC acquired a new position in shares of CVR Partners in the 2nd quarter valued at $212,000. Institutional investors and hedge funds 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.