Lsb Industries Inc. (NYSE:LXU) Shares Bought by CenterBook Partners LP

Key Points

• CenterBook Partners LP significantly increased its stake in Lsb Industries, boosting its holdings by 264.4% in the first quarter to approximately $4.15 million.
• Lsb Industries reported earnings per share (EPS) of $0.04 for the last quarter, falling short of analysts' expectations by $0.14, with projected future EPS anticipated to be -0.18.
• Following recent research reports, UBS Group downgraded Lsb Industries from a "buy" to a "neutral" rating, setting a new price target of $9.25.

CenterBook Partners LP increased its holdings in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) by 264.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 629,845 shares of the conglomerate's stock after acquiring an additional 457,009 shares during the quarter. CenterBook Partners LP owned approximately 0.88% of Lsb Industries worth $4,151,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LXU. KLP Kapitalforvaltning AS purchased a new stake in Lsb Industries in the fourth quarter worth $71,000. LPL Financial LLC boosted its stake in Lsb Industries by 2.9% during the fourth quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate's stock valued at $532,000 after buying an additional 1,960 shares during the period. Vanguard Group Inc. boosted its stake in Lsb Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock valued at $23,446,000 after buying an additional 12,345 shares during the period. JPMorgan Chase & Co. lifted its stake in Lsb Industries by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 148,830 shares of the conglomerate's stock worth $1,130,000 after purchasing an additional 10,746 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Lsb Industries by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock worth $9,249,000 after purchasing an additional 7,496 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Stock Up 3.4%

Shares of Lsb Industries stock traded up $0.24 on Monday, reaching $7.40. The company's stock had a trading volume of 160,884 shares, compared to its average volume of 456,262. The company has a market capitalization of $532.33 million, a price-to-earnings ratio of -16.09 and a beta of 1.27. The firm's fifty day simple moving average is $8.12 and its two-hundred day simple moving average is $7.35. Lsb Industries Inc. has a 52 week low of $4.88 and a 52 week high of $9.68. The company has a quick ratio of 2.39, a current ratio of 2.64 and a debt-to-equity ratio of 0.90.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LXU. UBS Group lowered Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 price target for the company. in a research note on Wednesday, July 23rd. Wall Street Zen raised Lsb Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st.

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.