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

StockNews.com upgraded shares of CVR Partners (NYSE:UAN - Free Report) from a buy rating to a strong-buy rating in a research note released on Thursday.

CVR Partners Price Performance

Shares of NYSE:UAN traded up $0.84 on Thursday, reaching $77.61. The company's stock had a trading volume of 26,758 shares, compared to its average volume of 31,241. The company has a 50-day simple moving average of $78.30 and a 200 day simple moving average of $73.41. CVR Partners has a 52-week low of $61.62 and a 52-week high of $88.94. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The company has a market cap of $1.33 billion, a P/E ratio of 15.62 and a beta of 1.35.

Insider Transactions at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn bought 2,840 shares of the company's stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $74.74 per share, for a total transaction of $212,261.60. Following the acquisition, the insider now directly owns 174,192 shares in the company, valued at approximately $13,019,110.08. The trade was a 1.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have purchased 26,923 shares of company stock worth $1,996,334.

Hedge Funds Weigh In On CVR Partners

A number of large investors have recently bought and sold shares of the business. McIlrath & Eck LLC bought a new stake in CVR Partners during the 3rd quarter valued at $51,000. Oxbow Advisors LLC boosted its position in CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 295 shares in the last quarter. Summit Securities Group LLC grew its stake in CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new position in CVR Partners in the fourth quarter worth about $226,000. Finally, Stifel Financial Corp purchased a new stake in shares of CVR Partners during the fourth quarter valued at about $227,000. Institutional investors own 43.83% of the company's stock.

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.