CVR Partners (NYSE:UAN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of CVR Partners (NYSE:UAN) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday.

CVR Partners Stock Performance

UAN opened at $76.62 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.44 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 firm has a 50 day moving average of $78.29 and a two-hundred day moving average of $73.48. The firm has a market capitalization of $1.31 billion, a PE ratio of 15.42 and a beta of 1.35.

Insider Activity at CVR Partners

In related news, major shareholder Carl C. Icahn bought 2,518 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $74.97 per share, with a total value of $188,774.46. Following the completion of the acquisition, the insider now directly owns 147,213 shares in the company, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 32,138 shares of company stock worth $2,371,397 over the last three months.

Institutional Investors Weigh In On CVR Partners

Hedge funds have recently bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in shares of CVR Partners during the 3rd quarter valued at approximately $51,000. Summit Securities Group LLC increased its holdings in CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after buying an additional 1,600 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of CVR Partners in the fourth quarter worth about $226,000. Raymond James Financial Inc. purchased a new stake in shares of CVR Partners during the 4th quarter worth about $233,000. Finally, Oxbow Advisors LLC grew its position in shares of CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 43.83% of the company’s stock.

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.