CVR Partners LP (NYSE:UAN) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 481,636 shares, a decrease of 36.0% from the October 31st total of 752,256 shares. Based on an average daily volume of 229,958 shares, the short-interest ratio is currently 2.1 days. Approximately 0.7% of the shares of the company are short sold.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in CVR Partners by 6.6% in the 3rd quarter. Morgan Stanley now owns 6,918,858 shares of the basic materials company’s stock worth $26,360,000 after purchasing an additional 428,396 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in CVR Partners in the 3rd quarter worth about $127,000. ING Groep NV bought a new position in CVR Partners in the 3rd quarter worth about $597,000. Cowen Inc. acquired a new stake in shares of CVR Partners in the 2nd quarter worth approximately $565,000. Finally, Bank of America Corp DE lifted its stake in shares of CVR Partners by 350.6% in the 2nd quarter. Bank of America Corp DE now owns 74,669 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 58,099 shares during the period. Hedge funds and other institutional investors own 34.52% of the company’s stock.
Separately, Zacks Investment Research cut shares of CVR Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 1st.
NYSE UAN opened at $3.46 on Friday. CVR Partners has a 52 week low of $2.70 and a 52 week high of $4.35. The company has a quick ratio of 1.01, a current ratio of 1.67 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $395.36 million, a price-to-earnings ratio of -5.45 and a beta of 1.10.
CVR Partners (NYSE:UAN) last posted its earnings results on Wednesday, October 24th. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). CVR Partners had a negative return on equity of 14.51% and a negative net margin of 22.96%. The firm had revenue of $79.91 million during the quarter. As a group, equities analysts expect that CVR Partners will post -0.51 earnings per share for the current year.
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CVR Partners Company Profile
CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. It offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company.
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