Shares of CVR Partners LP (NYSE:UAN) rose 7.5% on Monday . The company traded as high as $4.12 and last traded at $4.03. Approximately 389,606 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 694,796 shares. The stock had previously closed at $3.75.

UAN has been the subject of a number of recent research reports. Zacks Investment Research downgraded CVR Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 6th. Cowen restated a “hold” rating on shares of CVR Partners in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.50.

The firm has a market capitalization of $456.53, a PE ratio of -7.62 and a beta of 1.46. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 1.08.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.18). The company had revenue of $69.40 million for the quarter, compared to the consensus estimate of $82.51 million. CVR Partners had a negative return on equity of 9.91% and a negative net margin of 17.75%. CVR Partners’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned ($0.12) EPS. research analysts expect that CVR Partners LP will post -0.55 EPS for the current year.

In other news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $3.00, for a total transaction of $5,700,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blackstone Group L.P. lifted its position in CVR Partners by 0.9% in the 3rd quarter. Blackstone Group L.P. now owns 5,924,085 shares of the basic materials company’s stock valued at $19,135,000 after acquiring an additional 50,000 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in CVR Partners by 10.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock valued at $1,677,000 after acquiring an additional 50,912 shares in the last quarter. Citigroup Inc. purchased a new stake in CVR Partners in the 2nd quarter valued at about $263,000. Goldman Sachs Group Inc. increased its stake in CVR Partners by 698.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock valued at $11,414,000 after buying an additional 2,860,954 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in CVR Partners by 13.5% in the 2nd quarter. Wells Fargo & Company MN now owns 97,099 shares of the basic materials company’s stock valued at $339,000 after buying an additional 11,581 shares during the last quarter. 22.21% of the stock is currently owned by institutional investors and hedge funds.

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CVR Partners Company Profile

CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.

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