Man Group plc Invests $2.93 Million in Lsb Industries Inc. $LXU

Key Points

• Man Group plc acquired 270,918 shares of LSB Industries during the second quarter, worth approximately $2.93 million and representing about 0.38% of the company.
• LSB Industries reported a quarterly loss of $0.09 per share, missing estimates of $0.33, although revenue of $168.09 million exceeded analyst expectations of $155.45 million.
• Analysts maintain a consensus “Hold” rating with an average price target of $14.67, while institutional investors own 73.67% of LXU shares; two company insiders recently sold shares.

Man Group plc purchased a new stake in Lsb Industries Inc. (NYSE:LXU - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 270,918 shares of the conglomerate's stock, valued at approximately $2,929,000. Man Group plc owned approximately 0.38% of Lsb Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Lsb Industries in the 4th quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its stake in shares of Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate's stock worth $35,000 after buying an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries during the third quarter worth $42,000. Persistent Asset Partners Ltd acquired a new position in shares of Lsb Industries during the second quarter worth $47,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate's stock worth $47,000 after buying an additional 2,856 shares in the last quarter. 73.67% of the stock is owned by institutional investors.

Lsb Industries Price Performance

LXU stock opened at $10.63 on Tuesday. The company has a fifty day moving average price of $10.75 and a 200-day moving average price of $12.40. The company has a market capitalization of $765.36 million, a P/E ratio of 21.26 and a beta of 0.30. Lsb Industries Inc. has a 52-week low of $7.71 and a 52-week high of $17.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.42). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.The business had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. As a group, equities analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LXU shares. Royal Bank Of Canada raised Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price objective on the stock in a report on Monday, August 10th. Weiss Ratings cut Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. UBS Group set a $16.00 target price on Lsb Industries and gave the company a "neutral" rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen lowered Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.67.

Insider Buying and Selling at Lsb Industries

In related news, SVP Kristy Carver sold 9,554 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the transaction, the senior vice president directly owned 47,452 shares of the company's stock, valued at $587,455.76. This trade represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. The trade was a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by company insiders.

Lsb Industries Company Profile

LSB Industries, Inc NYSE: LXU is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.

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