CVR Partners, LP (UAN) Major Shareholder Sells $459,471.84 in Stock
CVR Partners, LP (NYSE:UAN) major shareholder Holdings I. L.P. Blackstone sold 72,244 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $6.36, for a total value of $459,471.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
CVR Partners, LP (NYSE:UAN) opened at 6.37 on Friday. The company has a market capitalization of $721.61 million, a P/E ratio of 93.68 and a beta of 1.70. CVR Partners, LP has a 1-year low of $4.05 and a 1-year high of $9.75. The firm has a 50-day moving average price of $5.78 and a 200 day moving average price of $5.99.
CVR Partners, (NYSE:UAN) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.04. The business earned $78.50 million during the quarter, compared to analyst estimates of $84.02 million. CVR Partners, had a return on equity of 4.69% and a net margin of 1.87%. CVR Partners,’s revenue was up 59.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) EPS. On average, equities analysts predict that CVR Partners, LP will post $0.25 EPS for the current year.
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A number of large investors have recently modified their holdings of UAN. HITE Hedge Asset Management LLC purchased a new position in shares of CVR Partners, during the second quarter valued at about $3,489,000. ING Groep NV purchased a new position in shares of CVR Partners, during the second quarter valued at about $169,000. Arrow Investment Advisors LLC boosted its position in shares of CVR Partners, by 13.1% in the second quarter. Arrow Investment Advisors LLC now owns 86,898 shares of the company’s stock valued at $710,000 after buying an additional 10,057 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of CVR Partners, during the second quarter valued at about $245,000. Finally, Pekin Singer Strauss Asset Management IL boosted its position in shares of CVR Partners, by 1,308.0% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 256,257 shares of the company’s stock valued at $2,094,000 after buying an additional 238,057 shares during the last quarter. 19.75% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded CVR Partners, from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. CVR Partners, presently has an average rating of “Hold” and an average price target of $8.52.
CVR Partners, Company Profile
CVR Partners, LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. The Company operates through the United States segment. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its nitrogen fertilizer manufacturing facility in Coffeyville, Kansas, that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer.
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