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 research report issued on Monday.

CVR Partners Stock Performance

Shares of UAN stock traded down $0.97 during trading hours on Monday, reaching $66.20. 32,261 shares of the company’s stock were exchanged, compared to its average volume of 36,040. The stock’s 50 day moving average is $74.00 and its 200-day moving average is $75.71. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.73 and a current ratio of 3.09. CVR Partners has a fifty-two week low of $60.50 and a fifty-two week high of $88.94.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Monday, July 29th. The basic materials company reported $2.48 earnings per share (EPS) for the quarter. The business had revenue of $132.90 million for the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%.

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently made changes to their positions in the stock. Independent Advisor Alliance grew its holdings in shares of CVR Partners by 8.8% during the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after buying an additional 1,377 shares during the last quarter. Founders Financial Alliance LLC grew its holdings in shares of 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 buying an additional 1,400 shares during the last quarter. Oxbow Advisors LLC purchased a new stake in CVR Partners in the second quarter valued at $212,000. Jump Financial LLC boosted its holdings in CVR Partners by 76.4% in the fourth quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after purchasing an additional 3,556 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in CVR Partners in the fourth quarter valued at $256,000. 43.83% of the stock is owned by hedge funds and other 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.