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

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

CVR Partners Trading Down 0.1 %

UAN opened at $75.66 on Thursday. CVR Partners has a 12 month low of $60.50 and a 12 month high of $94.38. The company has a current ratio of 2.29, a quick ratio of 1.38 and a debt-to-equity ratio of 1.84. The stock has a 50-day moving average of $79.61 and a 200 day moving average of $74.04.

CVR Partners (NYSE:UAN) last announced its earnings results on Monday, April 29th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 26.35% and a net margin of 14.26%. The business had revenue of $127.67 million during the quarter.

Hedge Funds Weigh In On CVR Partners

A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP grew its holdings in shares of CVR Partners by 509.2% during the third quarter. GSA Capital Partners LLP now owns 17,953 shares of the basic materials company’s stock valued at $1,483,000 after buying an additional 15,006 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of CVR Partners during the first quarter valued at $820,000. Parkside Financial Bank & Trust purchased a new stake in shares of CVR Partners during the fourth quarter valued at $458,000. Virtu Financial LLC purchased a new stake in shares of CVR Partners during the first quarter valued at $506,000. Finally, Aristides Capital LLC purchased a new stake in shares of CVR Partners during the fourth quarter valued at $256,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.