Cerity Partners LLC Has $6.37 Million Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

Cerity Partners LLC trimmed its position in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,987 shares of the conglomerate's stock after selling 576,214 shares during the period. Cerity Partners LLC owned approximately 1.11% of LSB Industries worth $6,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LXU. FNY Investment Advisers LLC acquired a new position in LSB Industries in the fourth quarter worth about $54,000. New York State Common Retirement Fund lifted its holdings in shares of LSB Industries by 48.6% during the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock valued at $63,000 after purchasing an additional 2,700 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of LSB Industries in the fourth quarter worth about $71,000. Fox Run Management L.L.C. acquired a new position in LSB Industries in the 4th quarter worth approximately $84,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of LSB Industries in the fourth quarter worth $103,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

LSB Industries Price Performance

Shares of NYSE LXU traded up $0.13 during mid-day trading on Thursday, hitting $5.20. 157,358 shares of the stock were exchanged, compared to its average volume of 356,463. The company has a market cap of $373.26 million, a P/E ratio of -24.69, a PEG ratio of 0.89 and a beta of 0.87. LSB Industries, Inc. has a twelve month low of $4.88 and a twelve month high of $10.40. The stock's fifty day simple moving average is $6.83 and its two-hundred day simple moving average is $7.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Analysts Set New Price Targets

A number of brokerages have issued reports on LXU. StockNews.com lowered shares of LSB Industries from a "hold" rating to a "sell" rating in a research note on Wednesday, March 12th. Piper Sandler set a $10.00 target price on LSB Industries in a research report on Thursday, March 27th. Finally, UBS Group lowered their price target on LSB Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.75.

About LSB Industries

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.