GSA Capital Partners LLP purchased a new position in CVR Partners LP (NYSE:UAN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 129,137 shares of the basic materials company’s stock, valued at approximately $417,000. GSA Capital Partners LLP owned about 0.11% of CVR Partners at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of UAN. Blackstone Group L.P. increased 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 worth $19,135,000 after buying an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. increased its position in CVR Partners by 698.5% during the second quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock worth $11,414,000 after buying an additional 2,860,954 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in CVR Partners by 10.9% during the third quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock worth $1,677,000 after buying an additional 50,912 shares during the last quarter. JPMorgan Chase & Co. increased its position in CVR Partners by 2,522.0% during the third quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock worth $703,000 after buying an additional 204,104 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in CVR Partners by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 166,822 shares of the basic materials company’s stock worth $582,000 after buying an additional 2,821 shares during the last quarter. 22.21% of the stock is currently owned by institutional investors and hedge funds.
CVR Partners LP (NYSE:UAN) opened at $4.04 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The company has a market cap of $457.66, a price-to-earnings ratio of -7.62 and a beta of 1.46. CVR Partners LP has a 1 year low of $2.58 and a 1 year high of $6.95.
CVR Partners (NYSE:UAN) last posted its earnings results on Wednesday, November 1st. The basic materials company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.18). The business had revenue of $69.40 million for the quarter, compared to analyst estimates of $82.51 million. CVR Partners had a negative return on equity of 9.91% and a negative net margin of 17.75%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share. equities analysts anticipate that CVR Partners LP will post -0.55 EPS for the current fiscal year.
In other CVR Partners news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the stock in a transaction on 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 filing with the SEC, which is available through this hyperlink.
Several equities analysts have commented on UAN shares. Cowen reissued a “hold” rating on shares of CVR Partners in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of CVR Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. CVR Partners presently has an average rating of “Hold” and a consensus price target of $5.50.
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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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