CVR Partners (NYSE:UAN) Downgraded by StockNews.com to "Buy"

CVR Partners (NYSE:UAN - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Friday.

CVR Partners Trading Down 1.2 %

CVR Partners stock traded down $0.96 during midday trading on Friday, reaching $79.78. 37,381 shares of the stock traded hands, compared to its average volume of 32,649. The firm has a market cap of $1.37 billion, a PE ratio of 13.85 and a beta of 1.35. CVR Partners has a 12-month low of $61.62 and a 12-month high of $88.94. 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 company has a 50-day simple moving average of $78.53 and a two-hundred day simple moving average of $73.54.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The business had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.56% and a net margin of 11.59%.

Insiders Place Their Bets

In other CVR Partners news, major shareholder Carl C. Icahn bought 2,518 shares of CVR Partners stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $74.97 per share, for a total transaction of $188,774.46. Following the completion of the transaction, the insider now owns 147,213 shares of the company's stock, valued at $11,036,558.61. This represents a 1.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have acquired 23,855 shares of company stock worth $1,777,923.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oxbow Advisors LLC grew its stake in CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock worth $208,000 after purchasing an additional 295 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners during the third quarter valued at approximately $244,000. GSA Capital Partners LLP boosted its position in CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock worth $702,000 after acquiring an additional 1,187 shares during the period. De Lisle Partners LLP grew its stake 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 purchasing an additional 7,000 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of CVR Partners during the third quarter valued at $51,000. Institutional investors and hedge funds 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.