StockNews.com Downgrades CVR Partners (NYSE:UAN) to Buy

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

CVR Partners Stock Down 0.3 %

NYSE:UAN opened at $81.06 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 16.31 and a beta of 1.35. The business’s fifty day moving average price is $70.51 and its 200 day moving average price is $73.56. CVR Partners has a 1-year low of $60.50 and a 1-year high of $88.94.

Insider Buying and Selling at CVR Partners

In related news, major shareholder Carl C. Icahn bought 3,068 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $71.19 per share, with a total value of $218,410.92. Following the completion of the purchase, the insider now owns 106,029 shares of the company’s stock, valued at $7,548,204.51. This represents a 2.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 64,792 shares of company stock valued at $4,551,843 in the last quarter.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. De Lisle Partners LLP increased its stake in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners during the third quarter worth $293,000. Apollon Wealth Management LLC bought a new position in CVR Partners during the third quarter worth $244,000. Oxbow Advisors LLC acquired a new position in CVR Partners in the second quarter valued at $212,000. Finally, Founders Financial Alliance LLC boosted its position 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 valued at $1,279,000 after acquiring an additional 1,400 shares during the last quarter. 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.