As Blackrock (BLK) Share Price Declined, Holder Baskin Financial Services Has Increased Stake; Blackstone Group LP Stake in Cvr Partners LP (UAN) Has Trimmed by $11.24 Million as Market Valuation Declined

August 10, 2018 - By Richard Slagle

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Blackstone Group Lp decreased its stake in Cvr Partners Lp (UAN) by 41.37% based on its latest 2018Q1 regulatory filing with the SEC. Blackstone Group Lp sold 3.75 million shares as the company’s stock declined 18.33% with the market. The institutional investor held 5.31 million shares of the basic industries company at the end of 2018Q1, valued at $17.25 million, down from 9.05M at the end of the previous reported quarter. Blackstone Group Lp who had been investing in Cvr Partners Lp for a number of months, seems to be less bullish one the $397.62 million market cap company. The stock decreased 0.28% or $0.01 during the last trading session, reaching $3.51. About 2,855 shares traded. CVR Partners, LP (NYSE:UAN) has declined 34.38% since August 10, 2017 and is downtrending. It has underperformed by 46.95% the S&P500. Some Historical UAN News: 29/05/2018 – CVR MEDICAL, CVR GLOBAL REACH STRATEGIC PACT; 30/05/2018 – S&PGR Affms CVR Partners ‘B+’ Rtgs; Otlk Rvd To Neg; 11/04/2018 – ClinicalTrial US: Prediction of WMH in Migraine Using a BOLD-CVR Map; 14/03/2018 CONVIVIALITY CVR FURTHER UPDATE; 30/05/2018 – S&P REVISES CVR PARTNERS, LP OUTLOOK TO ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘B+’; 26/04/2018 – CVR Partners 1Q Loss/Shr 17c; 04/04/2018 – CONVIVIALITY CVR PROPOSED SALE OF; 05/04/2018 – CONVIVIALITY CVR APPOINTMENT OF ADMINISTRATORS/NOMAD; 28/03/2018 – CONVIVIALITY CVR UPDATE ON FUNDRAISING; 13/04/2018 – LIGAND PHARMACEUTICALS SAYS ON APRIL 2, CO SENT COMPUTERSHARE, AS RIGHTS AGENT UNDER GLUCAGON CVR AGREEMENT – SEC FILING

Baskin Financial Services Inc increased its stake in Blackrock Inc (BLK) by 5.55% based on its latest 2018Q1 regulatory filing with the SEC. Baskin Financial Services Inc bought 912 shares as the company’s stock declined 4.32% with the market. The institutional investor held 17,331 shares of the finance company at the end of 2018Q1, valued at $9.39 million, up from 16,419 at the end of the previous reported quarter. Baskin Financial Services Inc who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $82.85 billion market cap company. The stock decreased 1.18% or $6.15 during the last trading session, reaching $513.7. About 1.03M shares traded or 71.94% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 32.79% since August 10, 2017 and is uptrending. It has outperformed by 20.22% the S&P500. Some Historical BLK News: 12/04/2018 – BlackRock CEO Larry Fink says investors should never try to market time and always be in invested; 20/03/2018 – Price wars heat up as Lyxor launches low cost ETFs in Europe; 13/04/2018 – BLACKROCK RECOMMENDS VOTE AGAINST SHAREHOLDER PROPOSAL TO DISCLOSE LOBBYING EXPENDITURES -PROXY; 12/04/2018 – BLACKROCK INC – QTRLY FIXED INCOME NET FLOWS $ 26,683 MLN; 21/05/2018 – BlackRock Income and Growth Investment Trust Plc: MAR Compliance with Market Abuse Regulations; 25/04/2018 – REG-BlackRock World Mng: Result of AGM; 17/04/2018 – BlackRock Greater Europe Investment Trust Plc: Research Update; 04/04/2018 – REG-BlackRock Emerging Europe: Statement re Submission of documents; 12/04/2018 – BLACKROCK INC – QTRLY EQUITY NET FLOWS $26,514 MLN; 09/03/2018 – BlackRock Latin American Investment Trust Plc: Disclosure of Portfolio Holdings

Among 2 analysts covering CVR Partners (NYSE:UAN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CVR Partners had 9 analyst reports since August 5, 2015 according to SRatingsIntel. The company was upgraded on Monday, March 5 by Cowen & Co. The firm earned “Hold” rating on Wednesday, August 23 by Cowen & Co. The rating was upgraded by Goldman Sachs on Monday, March 20 to “Buy”. The stock of CVR Partners, LP (NYSE:UAN) has “Hold” rating given on Tuesday, September 26 by Cowen & Co. Cowen & Co maintained the shares of UAN in report on Friday, July 7 with “Hold” rating. The rating was maintained by Cowen & Co with “Hold” on Wednesday, August 9. The rating was upgraded by Zacks to “Hold” on Wednesday, August 5.

More recent CVR Partners, LP (NYSE:UAN) news were published by: Globenewswire.com which released: “CVR Partners to Release 2018 Second Quarter Earnings” on July 12, 2018. Also Globenewswire.com published the news titled: “CVR Partners Reports 2018 Second Quarter Results” on July 25, 2018. Fool.com‘s news article titled: “Just When Earnings Were Starting to Improve, CVR Refining’s Parent Decides to Buy It Out” with publication date: July 30, 2018 was also an interesting one.

Analysts await CVR Partners, LP (NYSE:UAN) to report earnings on November, 7. They expect $-0.10 EPS, up 64.29% or $0.18 from last year’s $-0.28 per share. After $-0.15 actual EPS reported by CVR Partners, LP for the previous quarter, Wall Street now forecasts -33.33% EPS growth.

Investors sentiment increased to 1.27 in Q1 2018. Its up 0.03, from 1.24 in 2017Q4. It increased, as 5 investors sold UAN shares while 10 reduced holdings. 8 funds opened positions while 11 raised stakes. 36.61 million shares or 5.21% more from 34.80 million shares in 2017Q4 were reported. Susquehanna Ltd Liability Partnership owns 174,118 shares. 29,479 were accumulated by Raymond James. Barclays Public Llc owns 2.23 million shares or 0.01% of their US portfolio. Credit Investments Limited Com invested in 1.45% or 472,274 shares. Deutsche National Bank & Trust Ag has 3,702 shares. Forbes J M And Llp holds 0.01% or 14,900 shares in its portfolio. Georgia-based Marco Inv Management Limited Liability Company has invested 0.01% in CVR Partners, LP (NYSE:UAN). Bollard Grp Inc Limited Liability Corp has invested 0% of its portfolio in CVR Partners, LP (NYSE:UAN). Greenwich Investment reported 0.09% of its portfolio in CVR Partners, LP (NYSE:UAN). Fmr Limited Co owns 1.06 million shares. Bancshares Of America De reported 16,570 shares. Royal National Bank Of Canada owns 5,625 shares or 0% of their US portfolio. San Francisco Sentry Invest Gru (Ca) reported 473 shares. 84,430 were reported by Quinn Opportunity Ptnrs Limited Co. Hite Hedge Asset Management Ltd Liability Com invested in 0.6% or 849,244 shares.

Blackstone Group Lp, which manages about $19.89B US Long portfolio, upped its stake in Blackstone Mtg Tr Inc (NYSE:BXMT) by 64,575 shares to 4.92M shares, valued at $154.69 million in 2018Q1, according to the filing.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Benzinga.com which released: “Back To Banks: More Financial Results In Ahead of Powell Testimony Later This Week” on July 16, 2018, also Seekingalpha.com with their article: “Two JPMorgan ETFs see massive inflows” published on July 20, 2018, Globenewswire.com published: “BlackRock┬« Canada Announces July Cash Distributions for the iShares┬« ETFs” on July 19, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: 247Wallst.com and their article: “Will Zero-Fee ETFs and Mutual Funds Destroy the Profitability of Investment Managers?” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “BlackRock: Excellent 2nd-Quarter Earnings Should Please Investors” with publication date: July 17, 2018.

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.20, from 1.19 in 2017Q4. It dropped, as 51 investors sold BLK shares while 357 reduced holdings. 99 funds opened positions while 306 raised stakes. 129.75 million shares or 0.11% more from 129.61 million shares in 2017Q4 were reported. State Bank Of The West owns 2,604 shares for 0.18% of their portfolio. St Germain D J Communication Inc owns 3,290 shares. The South Carolina-based Greenwood Assocs Ltd Liability Corporation has invested 1.43% in BlackRock, Inc. (NYSE:BLK). Massachusetts Ma accumulated 0.47% or 2.02 million shares. Harris Associates Lp has 0.1% invested in BlackRock, Inc. (NYSE:BLK) for 112,466 shares. Markel Corporation owns 187,600 shares for 1.93% of their portfolio. Cohen Steers owns 3,498 shares or 0.01% of their US portfolio. Johnson Gru Inc accumulated 868 shares or 0.06% of the stock. Cincinnati Casualty Company reported 10,000 shares. Cincinnati Specialty Underwriters Ins Co accumulated 10,000 shares. Burke And Herbert Fincl Bank And Tru Co accumulated 1,222 shares. Mariner Wealth Advisors has invested 0.03% in BlackRock, Inc. (NYSE:BLK). Lvw Advsrs owns 3,358 shares or 0.56% of their US portfolio. Bank owns 64,814 shares or 0.46% of their US portfolio. Kemper Corporation Master Retirement Trust owns 6,000 shares.

Among 18 analysts covering BlackRock (NYSE:BLK), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. BlackRock had 93 analyst reports since August 26, 2015 according to SRatingsIntel. Credit Suisse upgraded the shares of BLK in report on Thursday, September 10 to “Outperform” rating. The firm has “Equal-Weight” rating given on Wednesday, August 26 by Barclays Capital. Morgan Stanley maintained the shares of BLK in report on Thursday, October 5 with “Overweight” rating. Keefe Bruyette & Woods maintained BlackRock, Inc. (NYSE:BLK) rating on Sunday, August 13. Keefe Bruyette & Woods has “Hold” rating and $44000 target. The firm has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. The stock of BlackRock, Inc. (NYSE:BLK) has “Overweight” rating given on Thursday, July 12 by Morgan Stanley. On Thursday, October 12 the stock rating was maintained by UBS with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 10. As per Wednesday, October 7, the company rating was maintained by Jefferies. The firm has “Hold” rating by Jefferies given on Wednesday, April 11.

CVR Partners, LP (NYSE:UAN) Institutional Positions Chart

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