Gendell Jeffrey L Reduces Holdings in Lsb Industries Inc. $LXU

Gendell Jeffrey L lessened its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 28.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,944,465 shares of the conglomerate’s stock after selling 758,426 shares during the period. Lsb Industries comprises approximately 0.4% of Gendell Jeffrey L’s investment portfolio, making the stock its 10th biggest holding. Gendell Jeffrey L owned approximately 2.70% of Lsb Industries worth $15,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Lsb Industries by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock valued at $14,671,000 after purchasing an additional 104,355 shares in the last quarter. Systematic Financial Management LP lifted its stake in Lsb Industries by 1.8% in the second quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock worth $14,176,000 after acquiring an additional 32,373 shares during the period. Geode Capital Management LLC grew its holdings in Lsb Industries by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock worth $9,838,000 after acquiring an additional 14,313 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Lsb Industries by 20.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock valued at $3,772,000 after purchasing an additional 98,810 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Lsb Industries by 31.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 467,113 shares of the conglomerate’s stock valued at $3,643,000 after purchasing an additional 110,889 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LXU. Royal Bank Of Canada increased their price objective on shares of Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $9.50 price objective (up previously from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.83.

Insider Activity

In related news, Director Barry H. Golsen sold 112,268 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $9.16, for a total value of $1,028,374.88. Following the completion of the transaction, the director directly owned 241,146 shares of the company’s stock, valued at $2,208,897.36. This trade represents a 31.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Lsb Industries Stock Performance

Shares of LXU opened at $8.91 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The firm has a market cap of $640.63 million, a PE ratio of -890.50 and a beta of 0.81. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $9.98. The stock has a fifty day moving average price of $8.91 and a 200-day moving average price of $8.36.

Lsb Industries (NYSE:LXU) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.The company had revenue of $155.43 million for the quarter, compared to analyst estimates of $138.30 million. Equities research analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Lsb Industries Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.