LSB Industries, Inc. (NYSE:LXU) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,210,722 shares of the conglomerate’s stock after selling 122,947 shares during the quarter. Geode Capital Management LLC owned about 1.69% of LSB Industries worth $9,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in LSB Industries during the 2nd quarter worth approximately $34,000. Intech Investment Management LLC acquired a new stake in shares of LSB Industries in the third quarter valued at $93,000. Dynamic Technology Lab Private Ltd purchased a new position in LSB Industries in the third quarter valued at $93,000. Private Advisor Group LLC grew its stake in LSB Industries by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 1,563 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in LSB Industries during the 3rd quarter worth about $103,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Price Performance

Shares of NYSE LXU opened at $7.59 on Thursday. The stock’s 50-day simple moving average is $8.47 and its 200-day simple moving average is $8.25. The firm has a market capitalization of $543.60 million, a PE ratio of -36.14, a price-to-earnings-growth ratio of 20.49 and a beta of 0.85. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. 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.

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.