CVR Partners LP (UAN) : Pekin Singer Strauss Asset Management Il reduced its stake in CVR Partners LP by 5.0% during the most recent quarter end. The investment management company now holds a total of 256,257 shares of CVR Partners LP which is valued at $1,916,802 after selling 13,485 shares in CVR Partners LP , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.CVR Partners LP makes up approximately 0.41% of Pekin Singer Strauss Asset Management Il’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c sold out all of its stake in UAN during the most recent quarter. The investment firm sold 13,820 shares of UAN which is valued $103,374. Tocqueville Asset Management added UAN to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $219,300.Arrow Investment Advisors boosted its stake in UAN in the latest quarter, The investment management firm added 10,057 additional shares and now holds a total of 86,898 shares of CVR Partners LP which is valued at $635,224. CVR Partners LP makes up approx 0.14% of Arrow Investment Advisors’s portfolio.Hite Hedge Asset Management reduced its stake in UAN by selling 421,707 shares or 49.69% in the most recent quarter. The Hedge Fund company now holds 427,033 shares of UAN which is valued at $3,416,264. CVR Partners LP makes up approx 1.39% of Hite Hedge Asset Management’s portfolio.
CVR Partners LP closed down -0.09 points or -1.31% at $6.76 with 2,62,953 shares getting traded on Monday. Post opening the session at $6.8, the shares hit an intraday low of $6.6754 and an intraday high of $6.9799 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, CVR Partners LP reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.36 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.21. The company had revenue of $119.80 million for the quarter, compared to analysts expectations of $122.73 million. The company’s revenue was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
CVR Partners LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its facility in Coffeyville Kansas. The nitrogen fertilizer plant processes approximately 1400 tons per day of pet coke from its crude oil refinery and third-party sources. The Company’s facility includes an ammonia unit a UAN unit and a gasifier complex. The primary geographic markets for its fertilizer products are Kansas Missouri Nebraska Iowa Illinois Colorado and Texas. It markets the ammonia products to industrial and agricultural customers and the UAN products to agricultural customers retailers and distributors. In addition it operates around eight rail loading and around two truck loading racks for UAN. It also operates approximately four rail loading and around two truck loading racks for ammonia.