CVR Partners (NYSE:UAN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

CVR Partners, LP (NYSE:UAN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $73.43 and traded as high as $80.00. CVR Partners shares last traded at $79.55, with a volume of 6,989 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

CVR Partners Trading Up 0.1 %

The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.01 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a fifty day moving average price of $78.40 and a 200-day moving average price of $73.43.

Insider Transactions at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn acquired 2,840 shares of CVR Partners stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $74.74 per share, with a total value of $212,261.60. Following the completion of the purchase, the insider now directly owns 174,192 shares of the company’s stock, valued at $13,019,110.08. This represents a 1.66 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have purchased 44,658 shares of company stock valued at $3,272,444.

Institutional Trading of CVR Partners

Several large investors have recently bought and sold shares of UAN. De Lisle Partners LLP boosted its stake in CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after buying an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners during the third quarter valued at about $293,000. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners during the third quarter valued at about $244,000. Raymond James Financial Inc. acquired a new stake in shares of CVR Partners during the fourth quarter valued at about $233,000. Finally, GSA Capital Partners LLP boosted its stake in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

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.