American Century Companies Inc. Raises Stake in Lsb Industries Inc. $LXU

Key Points

• American Century Companies Inc. increased its position in Lsb Industries by 9.6% in Q1, owning approximately 2.47% of the company, valued at $11.7 million.
• Lsb Industries reported a loss in EPS of $0.04, missing analysts' estimates of $0.18, and had a revenue of $151.3 million, below the expected $156.76 million.
• Wall Street analysts have mixed ratings on Lsb Industries, with a consensus average target price of $9.75, indicating a "Moderate Buy" rating despite a recent downgrade by UBS Group.

American Century Companies Inc. lifted its position in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) by 9.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,776,513 shares of the conglomerate's stock after buying an additional 155,477 shares during the period. American Century Companies Inc. owned approximately 2.47% of Lsb Industries worth $11,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC raised its position in Lsb Industries by 24.7% in the first quarter. HighTower Advisors LLC now owns 255,242 shares of the conglomerate's stock valued at $1,682,000 after purchasing an additional 50,525 shares during the period. Nuveen LLC purchased a new stake in Lsb Industries in the first quarter valued at approximately $1,226,000. Aigen Investment Management LP purchased a new stake in Lsb Industries in the first quarter valued at approximately $69,000. CenterBook Partners LP raised its position in Lsb Industries by 264.4% in the first quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate's stock valued at $4,151,000 after purchasing an additional 457,009 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Lsb Industries by 20.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate's stock valued at $3,772,000 after purchasing an additional 98,810 shares during the period. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Stock Up 2.1%

NYSE:LXU traded up $0.18 during midday trading on Thursday, hitting $8.45. 397,979 shares of the company were exchanged, compared to its average volume of 425,280. The company has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $7.32. Lsb Industries Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $9.68. The company has a current ratio of 2.64, a quick ratio of 2.39 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $607.53 million, a PE ratio of -18.36 and a beta of 1.27.

Lsb Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The conglomerate reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). Lsb Industries had a negative return on equity of 0.34% and a negative net margin of 6.15%.The company had revenue of $151.30 million for the quarter, compared to analyst estimates of $156.76 million. As a group, equities analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

LXU has been the topic of a number of research analyst reports. Wall Street Zen raised Lsb Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. UBS Group lowered Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 target price on the stock. in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Lsb Industries has an average rating of "Moderate Buy" and a consensus price target of $9.75.

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.