CVR Partners, LP (NYSE:UAN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.43 and traded as high as $80.00. CVR Partners shares last traded at $79.55, with a volume of 6,989 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a research report on Thursday.
Get Our Latest Report on CVR Partners
CVR Partners Stock Performance
The company's fifty day moving average is $78.30 and its 200 day moving average is $73.48. The company has a market capitalization of $1.33 billion, a P/E ratio of 15.62 and a beta of 1.35. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.
Insider Buying and Selling
In other CVR Partners news, major shareholder Carl C. Icahn acquired 3,068 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $71.19 per share, with a total value of $218,410.92. Following the acquisition, the insider now owns 106,029 shares in the company, valued at approximately $7,548,204.51. This represents a 2.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 32,138 shares of company stock valued at $2,371,397.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Icahn Carl C grew its position in shares of CVR Partners by 4.5% during the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock valued at $308,868,000 after purchasing an additional 174,192 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of CVR Partners during the 4th quarter valued at $480,000. MGO One Seven LLC bought a new stake in shares of CVR Partners during the 4th quarter worth $243,000. Stifel Financial Corp bought a new stake in shares of CVR Partners during the 4th quarter worth $227,000. Finally, Raymond James Financial Inc. bought a new stake in shares of CVR Partners during the 4th quarter worth $233,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.
CVR Partners Company Profile
(
Get Free Report)
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.
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