Squarepoint Ops LLC Purchases 268,939 Shares of Lsb Industries Inc. $LXU

Key Points

• Squarepoint Ops LLC increased its LSB Industries stake by 339.6% in the second quarter, purchasing 268,939 shares and bringing its holdings to 348,123 shares worth approximately $3.76 million.
• Institutional investors and hedge funds own 73.67% of LSB Industries, with BlackRock initiating a position valued at about $50.8 million and several other major funds adding shares.
• LSB Industries reported a quarterly loss of $0.09 per share, missing the $0.33 consensus estimate despite revenue of $168.09 million. Analysts maintain a consensus “Hold” rating with a $14.67 target price, while the stock recently traded at $11.56.

Squarepoint Ops LLC grew its position in shares of Lsb Industries Inc. (NYSE:LXU - Free Report) by 339.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,123 shares of the conglomerate's stock after buying an additional 268,939 shares during the quarter. Squarepoint Ops LLC owned approximately 0.48% of Lsb Industries worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Lsb Industries in the second quarter valued at approximately $50,802,000. Dimensional Fund Advisors LP grew its position in Lsb Industries by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock worth $36,241,000 after acquiring an additional 57,999 shares during the last quarter. Gendell Jeffrey L grew its position in Lsb Industries by 3.7% during the 4th quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate's stock worth $18,140,000 after acquiring an additional 75,323 shares during the last quarter. Robotti Robert acquired a new stake in Lsb Industries during the 2nd quarter valued at $22,914,000. Finally, Renaissance Technologies LLC increased its holdings in Lsb Industries by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate's stock valued at $26,708,000 after purchasing an additional 46,613 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Stock Down 0.6%

NYSE LXU opened at $11.56 on Friday. The stock has a market capitalization of $832.10 million, a P/E ratio of 23.11 and a beta of 0.31. 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. The stock has a fifty day moving average of $10.87 and a 200-day moving average of $12.48.

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings lowered Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada upgraded Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 target price for the company in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a "buy" rating to a "hold" rating in a research report 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's stock. According to data from MarketBeat.com, Lsb Industries currently has a consensus rating of "Hold" and a consensus target price of $14.67.

About Lsb Industries

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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