CVR Partners, LP (UAN) Stake Lowered by Blackstone Group L.P.

Blackstone Group L.P. lowered its position in CVR Partners, LP (NYSE:UAN) by 48.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,661,521 shares of the basic materials company’s stock after selling 8,238,479 shares during the period. CVR Partners, comprises 0.3% of Blackstone Group L.P.’s investment portfolio, making the stock its 18th largest position. Blackstone Group L.P. owned about 7.65% of CVR Partners, worth $40,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UAN. Private Advisor Group LLC raised its position in shares of CVR Partners, by 46.6% in the first quarter. Private Advisor Group LLC now owns 22,142 shares of the basic materials company’s stock worth $105,000 after buying an additional 7,042 shares during the period. Wedbush Securities Inc. raised its position in shares of CVR Partners, by 141.7% in the first quarter. Wedbush Securities Inc. now owns 34,618 shares of the basic materials company’s stock worth $161,000 after buying an additional 20,296 shares during the period. Global X Management Co. LLC raised its position in shares of 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 period. GSA Capital Partners LLP purchased a new position in shares of CVR Partners, during the fourth quarter worth about $530,000. Finally, Bank of New York Mellon Corp raised its position in shares of CVR Partners, by 349.3% in the first quarter. Bank of New York Mellon Corp now owns 164,001 shares of the basic materials company’s stock worth $763,000 after buying an additional 127,500 shares during the period. Institutional investors and hedge funds own 22.48% of the company’s stock.

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

Shares of CVR Partners, LP (NYSE UAN) traded down 5.64% on Tuesday, reaching $3.68. 271,086 shares of the company’s stock traded hands. The company has a 50 day moving average price of $4.35 and a 200 day moving average price of $5.20. CVR Partners, LP has a 52 week low of $3.38 and a 52 week high of $8.41. The firm’s market capitalization is $416.88 million.

CVR Partners, (NYSE:UAN) last announced its earnings results on Thursday, April 27th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.07. CVR Partners, had a negative return on equity of 5.85% and a negative net margin of 14.98%. The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $90.04 million. During the same period last year, the firm posted $0.25 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts predict that CVR Partners, LP will post ($0.14) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “CVR Partners, LP (UAN) Stake Lowered by Blackstone Group L.P.” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/06/20/cvr-partners-lp-uan-stake-lowered-by-blackstone-group-l-p.html.

A number of research analysts have recently issued reports on UAN shares. Goldman Sachs Group, Inc. (The) upgraded shares of CVR Partners, from a “neutral” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Monday, March 20th. TheStreet lowered shares of CVR Partners, from a “c-” rating to a “d+” rating in a research note on Thursday, May 25th. ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of CVR Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th.

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.

Receive News & Ratings for CVR Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply