Pekin Hardy Strauss Inc. lifted its holdings in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 112.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,370 shares of the conglomerate's stock after acquiring an additional 68,000 shares during the period. Pekin Hardy Strauss Inc. owned 0.18% of LSB Industries worth $1,032,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of LXU. nVerses Capital LLC purchased a new stake in LSB Industries during the 2nd quarter valued at approximately $34,000. Intech Investment Management LLC purchased a new position in LSB Industries in the 3rd quarter valued at $93,000. Bayesian Capital Management LP acquired a new position in LSB Industries in the 1st quarter valued at $97,000. Private Advisor Group LLC increased its stake in LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate's stock valued at $102,000 after buying an additional 1,563 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of LSB Industries in the 2nd quarter worth $116,000. 73.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LXU. Piper Sandler increased their price target on shares of LSB Industries from $8.80 to $9.00 and gave the stock an "underweight" rating in a report on Thursday, August 8th. UBS Group raised LSB Industries from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $10.00 price target on shares of LSB Industries in a research note on Monday, November 4th.
Read Our Latest Research Report on LXU
LSB Industries Price Performance
Shares of NYSE LXU traded down $0.01 during midday trading on Monday, hitting $8.94. The company had a trading volume of 282,004 shares, compared to its average volume of 387,156. The firm has a market capitalization of $640.28 million, a price-to-earnings ratio of -42.57, a price-to-earnings-growth ratio of 20.86 and a beta of 0.84. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $10.40. The business has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $8.43. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.
About LSB Industries
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Free Report)
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.
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