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

CVR Partners (NYSE:UAN) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

CVR Partners Stock Performance

UAN opened at $77.27 on Tuesday. The business’s 50 day moving average is $71.61 and its 200-day moving average is $73.32. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.32 billion, a PE ratio of 15.55 and a beta of 1.35. CVR Partners has a twelve month low of $60.50 and a twelve month high of $88.94.

Insider Buying and Selling

In other CVR Partners news, major shareholder Carl C. Icahn bought 9,382 shares of CVR Partners stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of $68.75 per share, for a total transaction of $645,012.50. Following the completion of the acquisition, the insider now owns 9,382 shares of the company’s stock, valued at approximately $645,012.50. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 64,792 shares of company stock valued at $4,551,843 over the last quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UAN. De Lisle Partners LLP boosted its position in shares of 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 worth $3,071,000 after buying an additional 7,000 shares during the period. Exchange Traded Concepts LLC acquired a new stake in CVR Partners during the 3rd quarter worth about $293,000. Oxbow Advisors LLC purchased a new position in CVR Partners during the 2nd quarter valued at about $212,000. Founders Financial Alliance LLC grew its stake in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of CVR Partners in the third quarter worth approximately $244,000. 43.83% of the stock is currently 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.