CVR Partners, LP (UAN) Position Held by Barings LLC

Barings LLC maintained its position in CVR Partners, LP (NYSE:UAN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,319 shares of the basic materials company’s stock at the end of the second quarter. Barings LLC owned about 0.16% of CVR Partners, worth $866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raging Capital Management LLC boosted its stake 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 valued at $39,371,000 after acquiring an additional 7,697,736 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in CVR Partners, by 698.5% in the second quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock valued at $11,414,000 after acquiring an additional 2,860,954 shares during the last quarter. FMR LLC purchased a new position in CVR Partners, in the first quarter valued at about $4,921,000. HITE Hedge Asset Management LLC purchased a new position in CVR Partners, in the second quarter valued at about $1,634,000. Finally, Bank of New York Mellon Corp boosted its stake in CVR Partners, by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 166,822 shares of the basic materials company’s stock valued at $582,000 after acquiring an additional 2,821 shares during the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.

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CVR Partners, (NYSE:UAN) last announced its quarterly 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). CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The company had revenue of $97.90 million during the quarter, compared to the consensus estimate of $117.15 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. The business’s revenue was down 18.3% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. Cowen and Company reiterated a “hold” rating and issued a $5.00 target price on shares of CVR Partners, in a research note on Tuesday, July 11th. BidaskClub upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of CVR Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Finally, ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. CVR Partners, currently has a consensus rating of “Hold” and a consensus price target of $5.50.

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.

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

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