Lsb Industries Inc. $LXU Stock Holdings Cut by International Assets Investment Management LLC

International Assets Investment Management LLC cut its stake in Lsb Industries Inc. (NYSE:LXU) by 89.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the conglomerate’s stock after selling 89,294 shares during the quarter. International Assets Investment Management LLC’s holdings in Lsb Industries were worth $98,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LXU. Sterling Capital Management LLC grew its holdings in shares of Lsb Industries by 7.4% in the 3rd quarter. Sterling Capital Management LLC now owns 26,286 shares of the conglomerate’s stock valued at $257,000 after buying an additional 1,816 shares during the period. CWA Asset Management Group LLC raised its position in shares of Lsb Industries by 12.0% during the third quarter. CWA Asset Management Group LLC now owns 147,732 shares of the conglomerate’s stock worth $1,443,000 after purchasing an additional 15,781 shares during the period. Squarepoint Ops LLC raised its position in shares of Lsb Industries by 339.6% during the second quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock worth $3,763,000 after purchasing an additional 268,939 shares during the period. Arizona State Retirement System bought a new position in shares of Lsb Industries during the 2nd quarter valued at about $166,000. Finally, AXQ Capital LP grew its position in shares of Lsb Industries by 4.8% in the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock valued at $505,000 after purchasing an additional 2,144 shares during the period. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Stock Up 2.1%

NYSE:LXU traded up $0.22 during trading hours on Friday, reaching $10.57. 1,007,188 shares of the stock were exchanged, compared to its average volume of 905,328. The stock has a market cap of $761.18 million, a PE 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 firm has a 50 day moving average of $10.57 and a 200 day moving average of $11.76. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.01 and a quick ratio of 2.83.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The business had revenue of $158.60 million for the quarter, compared to analyst estimates of $160.18 million. Lsb Industries had a net margin of 6.95% and a return on equity of 8.51%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LXU. Royal Bank Of Canada upgraded shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Monday, August 10th. Freedom Broker started coverage on shares of Lsb Industries in a research report on Tuesday, October 27th. They set a “hold” rating and a $9.50 price objective for the company. set a $13.00 price objective on shares of Lsb Industries and gave the stock an “outperform” rating in a report on Monday, October 5th. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.50.

Lsb Industries 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.