CVR Partners LP (NYSE:UAN) was the target of a large decrease in short interest in January. As of January 12th, there was short interest totalling 262,141 shares, a decrease of 52.2% from the December 29th total of 548,589 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 1,131,836 shares, the short-interest ratio is currently 0.2 days.
CVR Partners (NYSE UAN) opened at $2.98 on Tuesday. 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 has a 12-month low of $2.58 and a 12-month high of $6.21.
Separately, Zacks Investment Research upgraded CVR Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. 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 company has a consensus rating of “Hold” and an average target price of $5.50.
In other news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $3.00, for a total transaction of $5,700,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds have recently made changes to their positions in the stock. Blackstone Group L.P. raised its position in CVR Partners by 0.9% during the third 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. Goldman Sachs Group Inc. grew its holdings in CVR Partners by 698.5% in the second quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock valued at $11,414,000 after purchasing an additional 2,860,954 shares during the period. HITE Hedge Asset Management LLC grew its holdings in CVR Partners by 10.9% in the third quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock valued at $1,677,000 after purchasing an additional 50,912 shares during the period. Wells Fargo & Company MN grew its holdings in CVR Partners by 288.4% in the fourth quarter. Wells Fargo & Company MN now owns 369,433 shares of the basic materials company’s stock valued at $1,211,000 after purchasing an additional 274,314 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in CVR Partners by 2,522.0% in the third quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 204,104 shares during the period. Institutional investors own 22.17% of the company’s stock.
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About CVR Partners
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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