California Public Employees Retirement System increased its position in CVR Partners LP (NYSE:UAN) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,999 shares of the basic materials company’s stock after purchasing an additional 9,600 shares during the quarter. California Public Employees Retirement System owned 0.17% of CVR Partners worth $733,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Raging Capital Management LLC boosted its stake in shares of CVR Partners by 1.2% in the second quarter. Raging Capital Management LLC now owns 8,981,271 shares of the basic materials company’s stock valued at $36,733,000 after purchasing an additional 109,358 shares during the period. UBS Group AG boosted its stake in shares of CVR Partners by 7.6% in the second quarter. UBS Group AG now owns 3,682,099 shares of the basic materials company’s stock valued at $15,060,000 after purchasing an additional 259,597 shares during the period. Clear Street Markets LLC purchased a new position in shares of CVR Partners in the third quarter valued at $157,000. Bank of Montreal Can boosted its stake in shares of CVR Partners by 157.6% in the second quarter. Bank of Montreal Can now owns 38,643 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 23,643 shares during the period. Finally, Price Wealth Management Inc. purchased a new position in shares of CVR Partners in the second quarter valued at $43,000. Institutional investors and hedge funds own 37.81% of the company’s stock.
In other CVR Partners news, Director Donna R. Ecton sold 17,969 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $3.04, for a total transaction of $54,625.76. Following the transaction, the director now directly owns 12,500 shares in the company, valued at approximately $38,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE UAN opened at $2.82 on Tuesday. CVR Partners LP has a 12 month low of $2.65 and a 12 month high of $4.35. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. The company’s fifty day moving average price is $3.20 and its two-hundred day moving average price is $3.57.
CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.15). CVR Partners had a negative net margin of 2.75% and a negative return on equity of 2.38%. The company had revenue of $88.58 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 1st. This represents a $0.28 dividend on an annualized basis and a yield of 9.93%.
Separately, ValuEngine upgraded shares of CVR Partners from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.
CVR Partners Profile
CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and 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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