ProShare Advisors LLC Has $114,000 Position in LSB Industries, Inc. (NYSE:LXU)

ProShare Advisors LLC boosted its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 49.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,017 shares of the conglomerate’s stock after purchasing an additional 4,943 shares during the quarter. ProShare Advisors LLC’s holdings in LSB Industries were worth $114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of LSB Industries by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,578 shares of the conglomerate’s stock worth $232,000 after buying an additional 1,292 shares during the last quarter. Barclays PLC raised its holdings in LSB Industries by 1.7% in the 4th quarter. Barclays PLC now owns 90,783 shares of the conglomerate’s stock worth $688,000 after acquiring an additional 1,510 shares during the period. Kennedy Capital Management LLC lifted its position in LSB Industries by 1.1% during the 4th quarter. Kennedy Capital Management LLC now owns 162,269 shares of the conglomerate’s stock worth $1,232,000 after acquiring an additional 1,691 shares during the last quarter. LPL Financial LLC lifted its position in LSB Industries by 2.9% during the 4th quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate’s stock worth $532,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in LSB Industries by 157.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock valued at $28,000 after acquiring an additional 2,230 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group dropped their price objective on LSB Industries from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler set a $10.00 target price on LSB Industries in a report on Thursday, March 27th. Finally, Wall Street Zen upgraded LSB Industries from a “sell” rating to a “hold” rating in a report on Saturday.

LSB Industries Stock Performance

NYSE LXU opened at $7.63 on Tuesday. The company’s fifty day moving average is $6.32 and its two-hundred day moving average is $7.45. LSB Industries, Inc. has a 52-week low of $4.88 and a 52-week high of $10.40. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The firm has a market capitalization of $548.43 million, a price-to-earnings ratio of -36.33, a P/E/G ratio of 0.89 and a beta of 1.05.

LSB Industries (NYSE:LXU) last released its earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. The firm had revenue of $143.43 million for the quarter, compared to analyst estimates of $139.79 million. Equities research analysts forecast that LSB Industries, Inc. will post -0.18 EPS for the current year.

LSB Industries Company 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.