Advisors Asset Management Inc. Reduces Stake in LSB Industries, Inc. (NYSE:LXU)

Advisors Asset Management Inc. reduced its position in shares of LSB Industries, Inc. (NYSE:LXU) by 34.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,511 shares of the conglomerate’s stock after selling 27,287 shares during the period. Advisors Asset Management Inc. owned 0.07% of LSB Industries worth $414,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of LSB Industries during the 2nd quarter worth approximately $34,000. Bayesian Capital Management LP purchased a new position in LSB Industries in the first quarter worth approximately $97,000. Private Advisor Group LLC increased its stake in LSB Industries by 14.1% during the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 1,563 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in LSB Industries in the second quarter valued at $116,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of LSB Industries in the 2nd quarter valued at $118,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

LSB Industries Price Performance

LXU opened at $8.66 on Friday. The stock’s 50-day moving average price is $8.58 and its 200 day moving average price is $8.43. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $10.40. The firm has a market cap of $620.23 million, a price-to-earnings ratio of -41.24, a PEG ratio of 20.84 and a beta of 0.84. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95.

Analyst Ratings Changes

A number of analysts recently issued reports on LXU shares. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. Piper Sandler boosted their price target on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a report on Monday, November 4th.

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.