LSB Industries, Inc. (NYSE:LXU) Stock Holdings Cut by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lessened its position in LSB Industries, Inc. (NYSE:LXU) by 90.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,702 shares of the conglomerate’s stock after selling 159,567 shares during the period. Ausbil Investment Management Ltd’s holdings in LSB Industries were worth $174,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC bought a new stake in LSB Industries in the fourth quarter worth about $32,000. Tower Research Capital LLC TRC raised its holdings in shares of LSB Industries by 488.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,493 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 3,730 shares in the last quarter. Gyon Technologies Capital Management LP bought a new stake in shares of LSB Industries in the 4th quarter worth approximately $48,000. Metropolitan Life Insurance Co. NY lifted its stake in LSB Industries by 136.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,575 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 2,639 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in LSB Industries by 136.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,575 shares of the conglomerate’s stock worth $61,000 after buying an additional 2,639 shares in the last quarter. Institutional investors and hedge funds own 54.22% of the company’s stock.

LSB Industries Stock Down 3.4 %

NYSE:LXU traded down $0.36 during trading hours on Monday, hitting $10.30. 94,835 shares of the company’s stock traded hands, compared to its average volume of 740,873. LSB Industries, Inc. has a twelve month low of $8.15 and a twelve month high of $18.47. The firm has a market cap of $765.70 million, a P/E ratio of 7.44 and a beta of 1.46. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.34 and a current ratio of 4.57. The stock’s fifty day moving average price is $10.44 and its two-hundred day moving average price is $10.19.

LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, July 26th. The conglomerate reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $165.85 million for the quarter, compared to analyst estimates of $146.45 million. LSB Industries had a return on equity of 20.78% and a net margin of 14.28%. On average, research analysts expect that LSB Industries, Inc. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on LXU shares. TheStreet raised LSB Industries from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Stifel Nicolaus cut their target price on LSB Industries from $16.00 to $15.00 in a research report on Friday, June 30th. Finally, StockNews.com initiated coverage on LSB Industries in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.86.

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 ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.