Sowell Financial Services LLC Makes New Investment in Lsb Industries Inc. (NYSE:LXU)

Sowell Financial Services LLC acquired a new position in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 49,770 shares of the conglomerate's stock, valued at approximately $328,000. Sowell Financial Services LLC owned approximately 0.07% of Lsb Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LXU. CenterBook Partners LP purchased a new position in Lsb Industries during the 4th quarter worth approximately $1,312,000. Millennium Management LLC grew its holdings in shares of Lsb Industries by 220.9% during the 4th quarter. Millennium Management LLC now owns 248,653 shares of the conglomerate's stock valued at $1,887,000 after acquiring an additional 171,176 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of 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 acquiring an additional 169,275 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Lsb Industries by 6.1% during the 4th quarter. Systematic Financial Management LP now owns 1,762,470 shares of the conglomerate's stock valued at $13,377,000 after acquiring an additional 102,027 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Lsb Industries by 5.3% during 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 acquiring an additional 88,506 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LXU. UBS Group reduced 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 note on Wednesday, April 16th. Piper Sandler set a $10.00 target price on shares of Lsb Industries in a research note on Thursday, March 27th. Finally, Wall Street Zen raised shares of Lsb Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st.

Lsb Industries Price Performance

Shares of Lsb Industries stock opened at $8.47 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.29 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $608.46 million, a price-to-earnings ratio of -22.88, a P/E/G ratio of 1.20 and a beta of 1.23. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $10.40. The firm's 50-day moving average price is $6.96 and its two-hundred day moving average price is $7.39.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Lsb Industries had a positive return on equity of 0.97% and a negative net margin of 5.04%. The firm had revenue of $143.43 million for the quarter, compared to the consensus estimate of $139.79 million. On average, equities analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

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.

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