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

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

CVR Partners Stock Down 1.1 %

UAN stock opened at $76.46 on Tuesday. CVR Partners has a 52 week low of $60.50 and a 52 week high of $88.94. The business has a 50-day simple moving average of $71.94 and a 200 day simple moving average of $73.31. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.31 billion, a PE ratio of 15.38 and a beta of 1.35.

Insider Activity

In other news, major shareholder Carl C. Icahn purchased 23,910 shares of the business’s stock in a transaction on Friday, November 8th. The shares were acquired at an average price of $68.76 per share, with a total value of $1,644,051.60. Following the completion of the transaction, the insider now owns 55,552 shares of the company’s stock, valued at $3,819,755.52. The trade was a 75.56 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 64,792 shares of company stock valued at $4,551,843 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. De Lisle Partners LLP lifted 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 during the period. Founders Financial Alliance LLC grew its holdings in 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 worth $1,279,000 after purchasing an additional 1,400 shares during the period. GSA Capital Partners LLP increased its stake in CVR Partners by 12.8% in 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. Exchange Traded Concepts LLC acquired a new position in shares of CVR Partners during the third quarter valued at about $293,000. Finally, Apollon Wealth Management LLC bought a new position in shares of CVR Partners during the 3rd quarter worth about $244,000. 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.