Sowell Financial Services LLC Invests $328,000 in Lsb Industries Inc. (NYSE:LXU)

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

Other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. increased its holdings in Lsb Industries by 394,900.0% in the 1st quarter. NBC Securities Inc. now owns 3,950 shares of the conglomerate's stock valued at $26,000 after acquiring an additional 3,949 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Lsb Industries by 157.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock worth $28,000 after purchasing an additional 2,230 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Lsb Industries by 21,016.0% in the first quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate's stock worth $35,000 after purchasing an additional 5,254 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Lsb Industries by 48.6% in the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock worth $63,000 after buying an additional 2,700 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Lsb Industries during the fourth quarter valued at approximately $71,000. Institutional investors own 73.67% of the company's stock.

Lsb Industries Trading Down 1.7%

Shares of LXU traded down $0.14 during midday trading on Wednesday, hitting $7.64. The stock had a trading volume of 354,533 shares, compared to its average volume of 387,666. The stock's 50 day moving average is $7.12 and its 200 day moving average is $7.38. The firm has a market cap of $548.80 million, a PE ratio of -20.63, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.51 and a quick ratio of 2.29. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $10.40.

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

Wall Street Analyst Weigh In

LXU has been the topic of a number of research reports. UBS Group reduced their price objective on Lsb Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen raised shares of Lsb Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Finally, Piper Sandler set a $10.00 price objective on Lsb Industries in a research note on Thursday, March 27th.

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.