Credit Capital Investments buys $3,407,047 stake in CVR Partners LP (UAN)

CVR Partners LP (UAN) : Credit Capital Investments scooped up 120,947 additional shares in CVR Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 504,001 shares of CVR Partners LP which is valued at $3,407,047.CVR Partners LP makes up approximately 2.55% of Credit Capital Investments’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc sold out all of its stake in UAN during the most recent quarter. The investment firm sold 21,917 shares of UAN which is valued $148,159.Pekin Singer Strauss Asset Management Il reduced its stake in UAN by selling 13,485 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 256,257 shares of UAN which is valued at $1,916,802. CVR Partners LP makes up approx 0.41% of Pekin Singer Strauss Asset Management Il’s portfolio. Wedbush Securities Inc added UAN to its portfolio by purchasing 13,432 company shares during the most recent quarter which is valued at $100,471. CVR Partners LP makes up approx 0.02% of Wedbush Securities Inc’s portfolio. Cwm added UAN to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $15,960.

CVR Partners LP opened for trading at $6.9 and hit $6.99 on the upside on Wednesday, eventually ending the session at $6.97, with a gain of 1.46% or 0.1 points. The heightened volatility saw the trading volume jump to 2,98,259 shares. Company has a market cap of $790 M.

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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