CenterBook Partners LP Lowers Stock Holdings in Lsb Industries Inc. $LXU

CenterBook Partners LP lessened its holdings in shares of Lsb Industries Inc. (NYSE:LXU) by 88.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,340 shares of the conglomerate’s stock after selling 226,845 shares during the quarter. CenterBook Partners LP’s holdings in Lsb Industries were worth $231,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Lsb Industries by 104.8% in the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after purchasing an additional 187,108 shares during the last quarter. Krilogy Financial LLC grew its holdings in Lsb Industries by 3.4% in the 3rd quarter. Krilogy Financial LLC now owns 207,543 shares of the conglomerate’s stock valued at $1,741,000 after buying an additional 6,750 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Lsb Industries during the 3rd quarter valued at about $650,000. SG Americas Securities LLC acquired a new stake in shares of Lsb Industries in the third quarter worth approximately $144,000. Finally, First Bank & Trust boosted its position in shares of Lsb Industries by 13.4% in the third quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock worth $128,000 after acquiring an additional 1,922 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

LXU has been the topic of a number of research analyst reports. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. UBS Group reaffirmed a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $11.00 target price (up previously from $10.00) on shares of Lsb Industries in a report on Tuesday, January 20th. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.25.

Lsb Industries Stock Performance

Lsb Industries stock opened at $10.06 on Monday. Lsb Industries Inc. has a 12-month low of $4.88 and a 12-month high of $10.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The company has a market capitalization of $723.93 million, a price-to-earnings ratio of -1,006.30 and a beta of 0.74. The firm’s fifty day moving average price is $9.30 and its 200 day moving average price is $8.79.

Insider Activity

In other news, Director Barry H. Golsen sold 118,953 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the sale, the director owned 96,773 shares of the company’s stock, valued at approximately $889,343.87. This trade represents a 55.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the completion of the sale, the senior vice president owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. This trade represents a 27.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 610,823 shares of company stock worth $5,767,726. Insiders own 4.70% of the company’s stock.

About Lsb Industries

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.