LSB Industries, Inc. (NYSE:LXU) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in LSB Industries, Inc. (NYSE:LXU) by 14.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,931 shares of the conglomerate’s stock after acquiring an additional 10,762 shares during the period. The Manufacturers Life Insurance Company owned 0.12% of LSB Industries worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in LSB Industries during the 3rd quarter valued at $93,000. Pekin Hardy Strauss Inc. boosted its stake in shares of LSB Industries by 112.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock valued at $1,032,000 after acquiring an additional 68,000 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of LSB Industries by 132.2% during the third quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after acquiring an additional 778,937 shares during the last quarter. Intech Investment Management LLC purchased a new stake in LSB Industries during the 3rd quarter worth about $93,000. Finally, Cornercap Investment Counsel Inc. acquired a new position in LSB Industries in the 3rd quarter valued at about $243,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LXU has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a report on Monday, November 4th. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.50 to $11.00 in a report on Thursday, October 10th.

LSB Industries Stock Down 0.5 %

LXU opened at $8.79 on Friday. LSB Industries, Inc. has a 12 month low of $6.74 and a 12 month high of $10.40. The business has a 50-day moving average of $8.79 and a two-hundred day moving average of $8.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The stock has a market capitalization of $629.54 million, a price-to-earnings ratio of -41.86, a price-to-earnings-growth ratio of 20.84 and a beta of 0.85.

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.