Jane Street Group LLC Cuts Stake in LSB Industries, Inc. (NYSE:LXU)

Jane Street Group LLC cut its position in LSB Industries, Inc. (NYSE:LXU) by 46.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,516 shares of the conglomerate’s stock after selling 35,676 shares during the period. Jane Street Group LLC owned approximately 0.06% of LSB Industries worth $334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in LSB Industries in the 3rd quarter valued at approximately $93,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LSB Industries during the third quarter valued at $93,000. Private Advisor Group LLC increased its holdings in LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after buying an additional 1,563 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in LSB Industries in the 3rd quarter worth about $103,000. Finally, Squarepoint Ops LLC bought a new position in LSB Industries during the 2nd quarter valued at about $116,000. Institutional investors own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

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

LSB Industries Stock Performance

LXU opened at $7.36 on Friday. The firm has a market cap of $527.13 million, a P/E ratio of -35.05, a PEG ratio of 20.49 and a beta of 0.89. LSB Industries, Inc. has a 1-year low of $6.74 and a 1-year high of $10.40. The company has a 50 day simple moving average of $8.37 and a two-hundred day simple moving average of $8.23. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

LSB Industries 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.