Proficio Capital Partners LLC Buys New Shares in LSB Industries, Inc. (NYSE:LXU)

Proficio Capital Partners LLC purchased a new position in shares of LSB Industries, Inc. (NYSE:LXU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,548 shares of the conglomerate’s stock, valued at approximately $103,000.

Other large investors have also added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. acquired a new position in shares of LSB Industries in the third quarter valued at about $243,000. Intech Investment Management LLC bought a new stake in shares of LSB Industries during the 3rd quarter worth $93,000. Cerity Partners LLC grew its holdings in shares of LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after purchasing an additional 778,937 shares during the last quarter. Pekin Hardy Strauss Inc. grew 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 worth $1,032,000 after buying an additional 68,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in LSB Industries in the 3rd quarter worth about $93,000. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Down 2.2 %

Shares of NYSE LXU opened at $6.95 on Friday. The stock has a market capitalization of $498.99 million, a P/E ratio of -33.07, a P/E/G ratio of 0.89 and a beta of 0.69. 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, Inc. has a 1 year low of $6.43 and a 1 year high of $10.40. The company has a 50-day moving average price of $8.03 and a 200-day moving average price of $8.21.

Analyst Ratings Changes

A number of brokerages have recently commented on LXU. Piper Sandler upgraded shares of LSB Industries from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $9.00 to $11.00 in a report on Monday, January 13th. StockNews.com lowered shares of LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, LSB Industries presently has an average rating of “Moderate Buy” and a consensus target price of $10.75.

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.