Kennedy Capital Management Inc. Takes $192,000 Position in LSB Industries, Inc. (NYSE:LXU)

Kennedy Capital Management Inc. acquired a new position in LSB Industries, Inc. (NYSE:LXUGet Rating) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 13,832 shares of the conglomerate’s stock, valued at approximately $192,000.

A number of other large investors have also recently added to or reduced their stakes in LXU. Cibc World Market Inc. lifted its position in shares of LSB Industries by 31.3% in the second quarter. Cibc World Market Inc. now owns 290,133 shares of the conglomerate’s stock valued at $4,021,000 after acquiring an additional 69,099 shares in the last quarter. Swiss National Bank acquired a new stake in shares of LSB Industries during the 2nd quarter worth about $1,023,000. Walleye Capital LLC grew its holdings in shares of LSB Industries by 143.7% during the second quarter. Walleye Capital LLC now owns 104,672 shares of the conglomerate’s stock worth $1,451,000 after buying an additional 61,716 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of LSB Industries in the second quarter valued at approximately $154,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LSB Industries by 5.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,457 shares of the conglomerate’s stock valued at $672,000 after buying an additional 2,352 shares during the last quarter.

Insiders Place Their Bets

In other news, major shareholder Lsb Funding Llc sold 15,977,500 shares of LSB Industries stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $12.99, for a total value of $207,547,725.00. Following the transaction, the insider now directly owns 1,672,500 shares of the company’s stock, valued at approximately $21,725,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is currently owned by insiders.

LSB Industries Trading Up 3.2 %

Shares of LXU opened at $13.47 on Monday. LSB Industries, Inc. has a twelve month low of $8.13 and a twelve month high of $27.45. The firm has a market capitalization of $1.10 billion, a P/E ratio of 5.86 and a beta of 1.71. The company has a current ratio of 3.87, a quick ratio of 3.67 and a debt-to-equity ratio of 1.34. The stock’s fifty day simple moving average is $15.37 and its 200 day simple moving average is $15.57.

Analyst Upgrades and Downgrades

LXU has been the subject of several recent analyst reports. StockNews.com raised shares of LSB Industries from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. Piper Sandler started coverage on LSB Industries in a research report on Monday, September 12th. They issued an “overweight” rating and a $26.00 price objective for the company. UBS Group initiated coverage on LSB Industries in a research note on Wednesday, August 31st. They issued a “buy” rating and a $20.00 target price for the company. Stifel Nicolaus began coverage on LSB Industries in a research note on Wednesday, September 14th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Royal Bank of Canada started coverage on shares of LSB Industries in a research note on Thursday. They set an “outperform” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, LSB Industries has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

LSB Industries Company Profile

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

See Also

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Institutional Ownership by Quarter for LSB Industries (NYSE:LXU)

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