StockNews.com Lowers CVR Partners (NYSE:UAN) to Buy

CVR Partners (NYSE:UAN – Get Rating) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

CVR Partners Price Performance

CVR Partners stock opened at $113.91 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $1.20 billion, a PE ratio of 6.16 and a beta of 1.59. The firm has a 50-day moving average price of $108.65 and a 200-day moving average price of $118.95. CVR Partners has a 12-month low of $51.00 and a 12-month high of $179.74.

CVR Partners (NYSE:UAN – Get Rating) last issued its earnings results on Monday, May 2nd. The basic materials company reported $8.78 earnings per share (EPS) for the quarter. The firm had revenue of $222.87 million during the quarter. CVR Partners had a net margin of 28.39% and a return on equity of 59.89%.

Hedge Funds Weigh In On CVR Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new stake in shares of CVR Partners in the fourth quarter valued at $207,000. PEAK6 Investments LLC raised its holdings in CVR Partners by 41.0% during the fourth quarter. PEAK6 Investments LLC now owns 5,419 shares of the basic materials company’s stock valued at $448,000 after acquiring an additional 1,576 shares during the period. Bluefin Capital Management LLC bought a new stake in CVR Partners in the 4th quarter valued at $215,000. Adams Asset Advisors LLC bought a new position in shares of CVR Partners during the 1st quarter valued at approximately $3,035,000. Finally, Selective Wealth Management Inc. purchased a new stake in shares of CVR Partners in the first quarter worth approximately $48,000. Institutional investors own 21.33% of the company’s stock.

About CVR Partners

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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 and ammonium nitrate products to agricultural customers, as well as retailers and distributors.