Intech Investment Management LLC Acquires New Holdings in LSB Industries, Inc. (NYSE:LXU)

Intech Investment Management LLC bought a new position in shares of LSB Industries, Inc. (NYSE:LXU) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,539 shares of the conglomerate’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cornercap Investment Counsel Inc. purchased a new stake in shares of LSB Industries during the 3rd quarter worth $243,000. International Assets Investment Management LLC lifted its position in shares of LSB Industries by 691.2% during the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock valued at $7,272,000 after buying an additional 790,194 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock valued at $102,000 after buying an additional 1,563 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of LSB Industries by 34.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 129,426 shares of the conglomerate’s stock valued at $1,041,000 after buying an additional 33,388 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of LSB Industries in the 3rd quarter worth approximately $151,000. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Performance

Shares of LSB Industries stock opened at $8.62 on Monday. The firm has a market capitalization of $617.36 million, a P/E ratio of -41.05, a PEG ratio of 20.91 and a beta of 0.85. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.40. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average price of $8.73 and a 200 day moving average price of $8.40.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 target price on shares of LSB Industries in a research report on Monday, November 4th. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.50 to $11.00 in a report on Thursday, October 10th.

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.