HighTower Advisors LLC Has $1.68 Million Stock Holdings 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 increased its holdings in Lsb Industries Inc. (NYSE:LXU - Free Report) by 24.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,242 shares of the conglomerate's stock after purchasing an additional 50,525 shares during the period. HighTower Advisors LLC owned approximately 0.36% of Lsb Industries worth $1,682,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Systematic Financial Management LP raised its position in Lsb Industries by 6.1% in the fourth quarter. Systematic Financial Management LP now owns 1,762,470 shares of the conglomerate's stock worth $13,377,000 after purchasing an additional 102,027 shares in the last quarter. CenterBook Partners LP increased its holdings in shares of Lsb Industries by 264.4% during the first quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate's stock worth $4,151,000 after buying an additional 457,009 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lsb Industries by 20.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate's stock worth $3,772,000 after buying an additional 98,810 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Lsb Industries by 4.9% during the fourth quarter. Northern Trust Corp now owns 485,269 shares of the conglomerate's stock worth $3,683,000 after buying an additional 22,874 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Lsb Industries by 220.9% during the fourth quarter. Millennium Management LLC now owns 248,653 shares of the conglomerate's stock worth $1,887,000 after buying an additional 171,176 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Trading Up 2.1%

LXU stock traded up $0.18 during midday trading on Thursday, reaching $8.45. The company's stock had a trading volume of 397,979 shares, compared to its average volume of 451,483. Lsb Industries Inc. has a 52 week low of $4.88 and a 52 week high of $9.68. The stock has a market cap of $607.53 million, a PE ratio of -18.36 and a beta of 1.27. The company has a quick ratio of 2.39, a current ratio of 2.64 and a debt-to-equity ratio of 0.90. The business's 50-day simple moving average is $8.07 and its 200-day simple moving average is $7.32.

Lsb Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings data 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). Lsb Industries had a negative net margin of 6.15% and a negative return on equity of 0.34%. The business had revenue of $151.30 million during the quarter, compared to the consensus estimate of $156.76 million. As a group, sell-side analysts expect that Lsb Industries Inc. will post -0.18 EPS for the current year.

Analysts Set New Price Targets

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