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

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

CVR Partners Stock Performance

NYSE:UAN opened at $72.38 on Thursday. The company has a current ratio of 3.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.80. The company’s 50-day moving average price is $69.30 and its 200-day moving average price is $75.45. CVR Partners has a twelve month low of $60.50 and a twelve month high of $88.94. The company has a market cap of $1.24 billion, a P/E ratio of 15.47 and a beta of 1.27.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Founders Financial Alliance LLC grew its holdings in shares of CVR Partners by 9.0% in 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 purchasing an additional 1,400 shares in the last quarter. SG Americas Securities LLC purchased a new stake in CVR Partners in the 1st quarter valued at $820,000. Virtu Financial LLC purchased a new stake in CVR Partners in the 1st quarter valued at $506,000. Exchange Traded Concepts LLC purchased a new stake in CVR Partners in the 3rd quarter valued at $293,000. Finally, Oxbow Advisors LLC purchased a new stake in CVR Partners in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.