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

CVR Partners (NYSE:UAN) was upgraded by equities research 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 0.0 %

Shares of NYSE UAN opened at $67.40 on Thursday. CVR Partners has a fifty-two week low of $60.50 and a fifty-two week high of $88.94. The firm’s 50-day simple moving average is $71.27 and its 200 day simple moving average is $75.74. 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 (NYSE:UAN) last issued its quarterly earnings data on Monday, July 29th. The basic materials company reported $2.48 earnings per share for the quarter. CVR Partners had a net margin of 9.29% and a return on equity of 16.32%. The business had revenue of $132.90 million for the quarter.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently modified their holdings of UAN. Oxbow Advisors LLC acquired a new position in CVR Partners during the second quarter worth about $212,000. Aristides Capital LLC acquired a new position in CVR Partners during the fourth quarter worth about $256,000. Virtu Financial LLC acquired a new position in CVR Partners during the first quarter worth about $506,000. SG Americas Securities LLC acquired a new position in CVR Partners during the first quarter worth about $820,000. Finally, 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. 43.83% of the stock is currently 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.