UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in LSB Industries, Inc. (NYSE:LXU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in LSB Industries, Inc. (NYSE:LXU) by 38.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,534 shares of the conglomerate’s stock after selling 36,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of LSB Industries worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LXU. New York State Common Retirement Fund increased its stake in shares of LSB Industries by 48.6% during the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock valued at $63,000 after buying an additional 2,700 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of LSB Industries during the fourth quarter valued at $103,000. Moors & Cabot Inc. increased its stake in shares of LSB Industries by 5.8% during the fourth quarter. Moors & Cabot Inc. now owns 45,800 shares of the conglomerate’s stock valued at $348,000 after buying an additional 2,500 shares during the period. Monaco Asset Management SAM purchased a new position in shares of LSB Industries during the fourth quarter valued at $244,000. Finally, First Eagle Investment Management LLC increased its stake in shares of LSB Industries by 5.3% during the fourth quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate’s stock valued at $13,361,000 after buying an additional 88,506 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Price Performance

Shares of NYSE LXU opened at $8.19 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The company has a market cap of $588.32 million, a PE ratio of -38.97, a P/E/G ratio of 0.89 and a beta of 1.23. The business has a 50-day simple moving average of $6.52 and a two-hundred day simple moving average of $7.43. LSB Industries, Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $10.40.

LSB Industries (NYSE:LXU) last released its earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) EPS 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. As a group, equities analysts expect that LSB Industries, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LXU. UBS Group cut their price target 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. Wall Street Zen upgraded LSB Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 31st. Finally, Piper Sandler set a $10.00 price objective on LSB Industries in a research report on Thursday, March 27th.

LSB Industries 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.