HighTower Advisors LLC Raises Stake in Lsb Industries Inc. $LXU

Key Points

• HighTower Advisors LLC increased its holdings in Lsb Industries Inc. by 24.7%, owning approximately $1.68 million or 0.36% of the company's shares as of the last quarter.
• Several large investors, including JPMorgan Chase and Wells Fargo, have also boosted their stakes in Lsb Industries during the fourth quarter.
• Lsb Industries reported a quarterly loss with an EPS of $0.04, missing the consensus estimate and generating $151.3 million in revenue against an expected $156.76 million.

HighTower Advisors LLC raised its holdings in Lsb Industries Inc. (NYSE:LXU - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 255,242 shares of the conglomerate's stock after purchasing an additional 50,525 shares during the period. HighTower Advisors LLC owned about 0.36% of Lsb Industries worth $1,682,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. grew its holdings in Lsb Industries by 394,900.0% in the first quarter. NBC Securities Inc. now owns 3,950 shares of the conglomerate's stock valued at $26,000 after purchasing an additional 3,949 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 valued at $28,000 after purchasing an additional 2,230 shares during the period. GAMMA Investing LLC grew its holdings in Lsb Industries by 21,016.0% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 5,254 shares during the period. Aigen Investment Management LP acquired a new stake in Lsb Industries in the first quarter valued at approximately $69,000. Finally, EP Wealth Advisors LLC acquired a new stake in Lsb Industries in the fourth quarter valued at approximately $84,000. 73.67% of the stock is owned by institutional investors and hedge funds.

Lsb Industries Price Performance

Shares of NYSE:LXU traded down $0.09 during trading on Friday, reaching $8.34. The stock had a trading volume of 328,697 shares, compared to its average volume of 409,593. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.39 and a current ratio of 2.64. The business has a fifty day moving average price of $8.07 and a 200-day moving average price of $7.31. The stock has a market cap of $599.62 million, a PE ratio of -18.12 and a beta of 1.27. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $9.68.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on LXU shares. Wall Street Zen raised Lsb Industries from a "sell" rating to a "hold" rating in a report on Saturday, May 31st. UBS Group lowered Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 price objective on the stock. in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.75.

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.