Lsb Industries Inc. $LXU Stock: International Assets Investment Management LLC Cuts Holdings

International Assets Investment Management LLC lowered its holdings in shares of Lsb Industries Inc. (NYSE:LXU) by 89.9% in the third quarter, HoldingsChannel reports. The firm owned 10,000 shares of the conglomerate’s stock after selling 89,294 shares during the period. International Assets Investment Management LLC’s holdings in Lsb Industries were worth $98,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Persistent Asset Partners Ltd acquired a new stake in shares of Lsb Industries in the second quarter valued at approximately $47,000. Cibc World Market Inc. acquired a new position in shares of Lsb Industries during the 2nd quarter worth approximately $140,000. PDT Partners LLC acquired a new position in shares of Lsb Industries during the 2nd quarter worth approximately $145,000. Arizona State Retirement System bought a new stake in Lsb Industries in the 2nd quarter valued at $166,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Lsb Industries during the 2nd quarter valued at $176,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LXU. set a $13.00 price objective on shares of Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. UBS Group raised their target price on shares of Lsb Industries from $12.00 to $12.50 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Freedom Broker began coverage on shares of Lsb Industries in a report on Tuesday, October 27th. They issued a “hold” rating and a $9.50 price target on the stock. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.50.

Lsb Industries Stock Performance

Shares of LXU traded up $0.22 during midday trading on Friday, reaching $10.57. 1,007,188 shares of the stock were exchanged, compared to its average volume of 905,328. The stock’s 50 day simple moving average is $10.57 and its 200 day simple moving average is $11.76. The company has a market cap of $761.18 million, a P/E ratio of 17.05 and a beta of 0.36. Lsb Industries Inc. has a twelve month low of $8.20 and a twelve month high of $17.22. The company has a quick ratio of 2.83, a current ratio of 3.01 and a debt-to-equity ratio of 0.79.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $158.60 million during the quarter, compared to the consensus estimate of $160.18 million. Lsb Industries had a net margin of 6.95% and a return on equity of 8.51%.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.