CVR Partners (NYSE:UAN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

CVR Partners, LP (NYSE:UAN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.25 and traded as high as $83.21. CVR Partners shares last traded at $81.10, with a volume of 25,765 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

CVR Partners Stock Performance

The business has a fifty day simple moving average of $77.02 and a two-hundred day simple moving average of $73.25. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The company has a market cap of $1.39 billion, a P/E ratio of 16.32 and a beta of 1.36.

CVR Partners (NYSE:UAN) last posted its earnings results on Monday, October 28th. The basic materials company reported $0.36 earnings per share for the quarter. CVR Partners had a return on equity of 17.65% and a net margin of 9.97%. The company had revenue of $125.20 million for the quarter.

Insiders Place Their Bets

In other CVR Partners news, major shareholder Carl C. Icahn bought 23,910 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $68.76 per share, for a total transaction of $1,644,051.60. Following the completion of the transaction, the insider now owns 55,552 shares of the company’s stock, valued at $3,819,755.52. This trade represents a 75.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased a total of 88,647 shares of company stock worth $6,329,766 over the last quarter.

Hedge Funds Weigh In On CVR Partners

Several institutional investors have recently added to or reduced their stakes in UAN. De Lisle Partners LLP grew its holdings in CVR Partners by 18.1% during the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after buying an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners in the 3rd quarter valued at approximately $293,000. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners in the 3rd quarter valued at approximately $244,000. Founders Financial Alliance LLC lifted its stake in shares of CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 1,400 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.