Charles Schwab Investment Management Inc. Purchases 98,810 Shares of Lsb Industries Inc. $LXU

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Lsb Industries by 20.9%, owning 572,409 shares valued at approximately $3.77 million after acquiring an additional 98,810 shares in the first quarter.
• Several hedge funds have significantly modified their positions in Lsb Industries, with Millennium Management increasing its holdings by 220.9% and Two Sigma Investments by 46.0% during the fourth quarter.
• Analysts have mixed opinions on Lsb Industries, with UBS Group downgrading the stock to a "neutral" rating and setting a price target of $9.25, while the consensus rating is currently a "Moderate Buy" with a target of $9.75.

Charles Schwab Investment Management Inc. boosted its position in Lsb Industries Inc. (NYSE:LXU - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 572,409 shares of the conglomerate's stock after purchasing an additional 98,810 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.80% of Lsb Industries worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LXU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lsb Industries by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,578 shares of the conglomerate's stock worth $232,000 after acquiring an additional 1,292 shares during the last quarter. Barclays PLC increased its stake in Lsb Industries by 1.7% in the fourth quarter. Barclays PLC now owns 90,783 shares of the conglomerate's stock worth $688,000 after purchasing an additional 1,510 shares during the period. Tower Research Capital LLC TRC increased its stake in Lsb Industries by 157.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock worth $28,000 after purchasing an additional 2,230 shares during the period. Diversified Trust Co lifted its position in shares of Lsb Industries by 17.6% during the first quarter. Diversified Trust Co now owns 18,419 shares of the conglomerate's stock worth $121,000 after purchasing an additional 2,759 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Lsb Industries by 9.1% during the fourth quarter. Stifel Financial Corp now owns 34,906 shares of the conglomerate's stock valued at $265,000 after purchasing an additional 2,925 shares during the period. Institutional investors own 73.67% of the company's stock.

Analysts Set New Price Targets

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

Lsb Industries Stock Down 1.1%

Shares of NYSE LXU traded down $0.10 during midday trading on Wednesday, reaching $8.32. 112,843 shares of the company's stock traded hands, compared to its average volume of 449,253. The company has a market cap of $598.18 million, a price-to-earnings ratio of -18.07 and a beta of 0.83. The stock's 50 day simple moving average is $8.08 and its 200-day simple moving average is $7.31. 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 Inc. has a one year low of $4.88 and a one year high of $9.68.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The conglomerate reported $0.04 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $151.30 million during the quarter, compared to the consensus estimate of $156.76 million. On average, analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

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.