Allspring Global Investments Holdings LLC lowered its position in LSB Industries, Inc. (NYSE:LXU – Free Report) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,382 shares of the conglomerate’s stock after selling 5,389 shares during the period. Allspring Global Investments Holdings LLC’s holdings in LSB Industries were worth $53,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in shares of LSB Industries by 2.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 36,652 shares of the conglomerate’s stock worth $361,000 after acquiring an additional 1,028 shares during the period. International Assets Investment Management LLC lifted its stake in LSB Industries by 1.3% in the 2nd quarter. International Assets Investment Management LLC now owns 116,577 shares of the conglomerate’s stock valued at $1,148,000 after buying an additional 1,520 shares in the last quarter. Bailard Inc. lifted its stake in LSB Industries by 4.7% in the 2nd quarter. Bailard Inc. now owns 34,560 shares of the conglomerate’s stock valued at $340,000 after buying an additional 1,560 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in LSB Industries in the 4th quarter valued at approximately $32,000. Finally, Metropolitan Life Insurance Co NY lifted its stake in LSB Industries by 136.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,575 shares of the conglomerate’s stock valued at $61,000 after buying an additional 2,639 shares in the last quarter. Institutional investors and hedge funds own 54.22% of the company’s stock.
Wall Street Analysts Forecast Growth
LXU has been the topic of a number of recent research reports. StockNews.com lowered LSB Industries from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. TheStreet lowered LSB Industries from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, LSB Industries has an average rating of “Hold” and an average target price of $13.86.
LSB Industries Trading Down 0.6 %
Shares of LSB Industries stock opened at $8.46 on Friday. LSB Industries, Inc. has a fifty-two week low of $7.72 and a fifty-two week high of $15.56. The firm has a market cap of $628.54 million, a PE ratio of 6.66 and a beta of 1.39. The business’s fifty day moving average is $9.53 and its two-hundred day moving average is $9.86. The company has a quick ratio of 4.15, a current ratio of 4.39 and a debt-to-equity ratio of 1.08.
About LSB Industries
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.
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