D. E. Shaw & Co. Inc. Sells 100,993 Shares of LSB Industries, Inc. (NYSE:LXU)

D. E. Shaw & Co. Inc. lowered its holdings in LSB Industries, Inc. (NYSE:LXU - Free Report) by 30.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 226,665 shares of the conglomerate's stock after selling 100,993 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.32% of LSB Industries worth $1,720,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LXU. Royce & Associates LP boosted its position in shares of LSB Industries by 26.7% in the fourth quarter. Royce & Associates LP now owns 231,067 shares of the conglomerate's stock valued at $1,754,000 after acquiring an additional 48,641 shares during the period. American Century Companies Inc. raised its stake in LSB Industries by 11.7% during the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock valued at $12,304,000 after purchasing an additional 169,275 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in LSB Industries by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock valued at $13,361,000 after purchasing an additional 88,506 shares during the period. Ausbil Investment Management Ltd bought a new stake in LSB Industries in the 4th quarter valued at $313,000. Finally, Barclays PLC grew its position in LSB Industries by 1.7% in the 4th 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 last quarter. 73.67% of the stock is owned by institutional investors.

LSB Industries Price Performance

Shares of NYSE:LXU traded up $0.26 during midday trading on Tuesday, reaching $7.58. The company's stock had a trading volume of 457,578 shares, compared to its average volume of 372,431. The business's fifty day simple moving average is $6.26 and its 200-day simple moving average is $7.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. LSB Industries, Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $10.40. The company has a market capitalization of $544.84 million, a P/E ratio of -36.09, a P/E/G ratio of 0.89 and a beta of 1.05.

LSB Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. The company had revenue of $143.43 million for the quarter, compared to the consensus estimate of $139.79 million. As a group, equities research analysts expect that LSB Industries, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on LXU shares. UBS Group cut their price objective on shares of LSB Industries from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen downgraded shares of LSB Industries from a "hold" rating to a "sell" rating in a report on Wednesday, March 12th. Finally, Piper Sandler set a $10.00 price target on LSB Industries in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.