Paragon Associates Paragon Associates Ii Joint Venture Exits Position in CVR Partners LP (UAN)

CVR Partners LP (UAN) : Paragon Associates Paragon Associates Ii Joint Venture has sold out all of its stake in CVR Partners LP during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 535,600 shares of CVR Partners LP which is valued at $3,556,384.

Other Hedge Funds, Including , Parallax Volatility Advisers added UAN to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $20.Allianz Asset Management Ag boosted its stake in UAN in the latest quarter, The investment management firm added 67,834 additional shares and now holds a total of 645,833 shares of CVR Partners LP which is valued at $4,288,331. CVR Partners LP makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.Raymond James Associates boosted its stake in UAN in the latest quarter, The investment management firm added 7,475 additional shares and now holds a total of 19,227 shares of CVR Partners LP which is valued at $127,667.Global X Management Co boosted its stake in UAN in the latest quarter, The investment management firm added 5,262 additional shares and now holds a total of 28,467 shares of CVR Partners LP which is valued at $187,882. CVR Partners LP makes up approx 0.01% of Global X Management Co’s portfolio. Simplex Trading sold out all of its stake in UAN during the most recent quarter. The investment firm sold 16,267 shares of UAN which is valued $133,227.

CVR Partners LP closed down -0.12 points or -2.00% at $5.87 with 1,02,702 shares getting traded on Thursday. Post opening the session at $6.05, the shares hit an intraday low of $5.855 and an intraday high of $6.06 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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