Landscape Capital Management L.L.C. Cuts Stock Holdings in CVR Partners, LP (NYSE:UAN)

Landscape Capital Management L.L.C. reduced its stake in CVR Partners, LP (NYSE:UAN) by 36.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,398 shares of the basic materials company’s stock after selling 3,657 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in CVR Partners were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Oxbow Advisors LLC bought a new position in shares of CVR Partners during the 2nd quarter valued at $212,000. Apollon Wealth Management LLC bought a new position in CVR Partners during the 3rd quarter worth approximately $244,000. Exchange Traded Concepts LLC purchased a new position in CVR Partners in the 3rd quarter worth approximately $293,000. Virtu Financial LLC bought a new stake in CVR Partners in the first quarter valued at approximately $506,000. Finally, GSA Capital Partners LLP boosted its stake in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares during the period. 43.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Carl C. Icahn purchased 23,910 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the acquisition, the insider now directly owns 55,552 shares of the company’s stock, valued at $3,819,755.52. This represents a 75.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 64,792 shares of company stock worth $4,551,843 over the last 90 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

CVR Partners Stock Performance

Shares of UAN stock opened at $71.81 on Monday. The company’s fifty day moving average price is $69.69 and its 200-day moving average price is $73.74. The stock has a market cap of $1.23 billion, a PE ratio of 14.45 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. CVR Partners, LP has a 12 month low of $60.50 and a 12 month high of $88.94.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s payout ratio is 95.77%.

CVR Partners Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.