Barings LLC Has $866,000 Position in CVR Partners, LP (UAN)

Barings LLC continued to hold its stake in CVR Partners, LP (NYSE:UAN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,319 shares of the basic materials company’s stock at the end of the first quarter. Barings LLC owned 0.16% of CVR Partners, worth $866,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raging Capital Management LLC boosted its position in CVR Partners, by 1,000.8% in the first quarter. Raging Capital Management LLC now owns 8,466,876 shares of the basic materials company’s stock worth $39,371,000 after buying an additional 7,697,736 shares during the last quarter. VIEX Capital Advisors LLC acquired a new position in CVR Partners, during the first quarter worth approximately $2,259,000. Global X Management Co. LLC boosted its position in CVR Partners, by 10.7% in the first quarter. Global X Management Co. LLC now owns 39,475 shares of the basic materials company’s stock worth $184,000 after buying an additional 3,825 shares during the last quarter. Walthausen & Co. LLC boosted its position in CVR Partners, by 330.9% in the first quarter. Walthausen & Co. LLC now owns 942,827 shares of the basic materials company’s stock worth $4,384,000 after buying an additional 724,017 shares during the last quarter. Finally, FMR LLC purchased a new stake in shares of CVR Partners, during the first quarter worth about $4,921,000. 22.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CVR Partners, LP (NYSE UAN) traded up 0.57% during mid-day trading on Friday, hitting $3.53. 211,155 shares of the company traded hands. The firm’s 50 day moving average price is $3.72 and its 200-day moving average price is $4.77. CVR Partners, LP has a 1-year low of $3.38 and a 1-year high of $7.59. The stock’s market capitalization is $399.89 million.

CVR Partners, (NYSE:UAN) last released its earnings results on Thursday, July 27th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $97.90 million during the quarter, compared to analyst estimates of $117.15 million. CVR Partners, had a negative return on equity of 6.69% and a negative net margin of 12.03%. The firm’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) earnings per share. On average, equities research analysts forecast that CVR Partners, LP will post ($0.23) EPS for the current year.

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A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded CVR Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of CVR Partners, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Cowen and Company reiterated a “hold” rating and issued a $5.00 price target on shares of CVR Partners, in a research report on Tuesday, July 11th. ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, TheStreet downgraded shares of CVR Partners, from a “c-” rating to a “d+” rating in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $5.50.

CVR Partners, Company Profile

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.

Institutional Ownership by Quarter for CVR Partners, (NYSE:UAN)

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