LSB Industries, Inc. (NYSE:LXU) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,936 shares of the conglomerate's stock after selling 88,470 shares during the quarter. Bank of New York Mellon Corp owned about 0.21% of LSB Industries worth $1,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its stake in shares of LSB Industries by 48.6% during the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock worth $63,000 after purchasing an additional 2,700 shares during the last quarter. SG Americas Securities LLC boosted its position in LSB Industries by 20.0% during the fourth quarter. SG Americas Securities LLC now owns 22,589 shares of the conglomerate's stock worth $171,000 after acquiring an additional 3,763 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in LSB Industries in the 4th quarter worth approximately $54,000. State Street Corp grew its stake in LSB Industries by 0.6% in the 3rd quarter. State Street Corp now owns 1,264,212 shares of the conglomerate's stock worth $10,164,000 after acquiring an additional 7,751 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in LSB Industries by 14.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate's stock valued at $691,000 after acquiring an additional 10,762 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company's stock.

LSB Industries Trading Down 5.5 %

Shares of NYSE LXU traded down $0.39 during trading on Friday, hitting $6.62. 494,515 shares of the company traded hands, compared to its average volume of 350,422. The firm has a market capitalization of $475.28 million, a P/E ratio of -31.50, a P/E/G ratio of 0.89 and a beta of 0.69. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $7.79 and a 200-day moving average price of $8.16. LSB Industries, Inc. has a 1 year low of $6.43 and a 1 year high of $10.40.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LXU shares. StockNews.com cut LSB Industries from a "hold" rating to a "sell" rating in a report on Wednesday, March 12th. Piper Sandler raised LSB Industries from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $9.00 to $11.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

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.