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

CVR Partners (NYSE:UAN) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

CVR Partners Price Performance

NYSE UAN opened at $75.00 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners has a 12-month low of $61.62 and a 12-month high of $88.94. The company has a market capitalization of $1.28 billion, a PE ratio of 15.09 and a beta of 1.35. The firm’s 50 day moving average is $72.33 and its 200-day moving average is $73.11.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn purchased 23,910 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the completion of the transaction, the insider now owns 55,552 shares of the company’s stock, valued at $3,819,755.52. The trade was a 75.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have bought 70,161 shares of company stock valued at $4,953,986.

Institutional Trading of CVR Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAN. De Lisle Partners LLP raised its position in CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after acquiring an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of CVR Partners in the third quarter valued at about $293,000. Apollon Wealth Management LLC bought a new position in shares of CVR Partners in the third quarter valued at about $244,000. Oxbow Advisors LLC bought a new position in shares of CVR Partners in the second quarter valued at about $212,000. Finally, Founders Financial Alliance LLC raised 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 purchasing an additional 1,400 shares during the period. 43.83% of the stock is owned by institutional investors.

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.