Renaissance Technologies LLC Sells 52,900 Shares of LSB Industries, Inc. (NYSE:LXU)

Renaissance Technologies LLC decreased its stake in shares of LSB Industries, Inc. (NYSE:LXU - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,759,393 shares of the conglomerate's stock after selling 52,900 shares during the period. Renaissance Technologies LLC owned 2.46% of LSB Industries worth $13,354,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of LSB Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock worth $23,446,000 after purchasing an additional 12,345 shares in the last quarter. First Eagle Investment Management LLC boosted its position in LSB Industries by 5.3% in 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 buying an additional 88,506 shares during the last quarter. American Century Companies Inc. increased its stake in shares of LSB Industries by 11.7% in the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock valued at $12,304,000 after buying an additional 169,275 shares during the period. State Street Corp raised its position in shares of LSB Industries by 0.6% during the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate's stock worth $10,164,000 after acquiring an additional 7,751 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of LSB Industries by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock valued at $9,249,000 after acquiring an additional 7,496 shares during the period. Institutional investors own 73.67% of the company's stock.

LSB Industries Trading Up 1.1 %

LXU traded up $0.06 during midday trading on Friday, reaching $5.13. 398,165 shares of the company were exchanged, compared to its average volume of 357,607. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The stock has a market capitalization of $368.37 million, a P/E ratio of -24.40, a PEG ratio of 0.89 and a beta of 0.87. The stock's 50-day simple moving average is $6.70 and its 200 day simple moving average is $7.89. LSB Industries, Inc. has a one year low of $4.88 and a one year high of $10.40.

Analyst Ratings Changes

A number of brokerages recently commented on LXU. UBS Group lowered their price objective on LSB Industries from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday. StockNews.com cut shares of LSB Industries from a "hold" rating to a "sell" rating in a research report on Wednesday, March 12th. Finally, Piper Sandler set a $10.00 price objective on shares of LSB Industries in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.