Wells Fargo & Company MN Has $1.29 Million Position in Lsb Industries Inc. (LXU)
Wells Fargo & Company MN increased its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 33.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,129 shares of the conglomerate’s stock after buying an additional 31,302 shares during the quarter. Wells Fargo & Company MN owned about 0.44% of Lsb Industries worth $1,293,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of LXU. FMR LLC acquired a new stake in Lsb Industries during the first quarter worth approximately $1,272,000. Russell Investments Group Ltd. lifted its stake in Lsb Industries by 22.3% during the second quarter. Russell Investments Group Ltd. now owns 647,280 shares of the conglomerate’s stock worth $6,686,000 after purchasing an additional 117,842 shares during the last quarter. Northpointe Capital LLC lifted its stake in Lsb Industries by 22.7% during the second quarter. Northpointe Capital LLC now owns 561,646 shares of the conglomerate’s stock worth $5,802,000 after purchasing an additional 103,873 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Lsb Industries by 181.2% during the first quarter. Goldman Sachs Group Inc. now owns 149,077 shares of the conglomerate’s stock worth $1,398,000 after purchasing an additional 96,060 shares during the last quarter. Finally, Robotti Robert lifted its stake in Lsb Industries by 2.1% during the second quarter. Robotti Robert now owns 2,202,115 shares of the conglomerate’s stock worth $22,297,000 after purchasing an additional 45,146 shares during the last quarter. 67.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lsb Industries Inc. (NYSE:LXU) opened at 7.55 on Wednesday. The firm’s 50-day moving average price is $7.54 and its 200 day moving average price is $8.36. The company has a market capitalization of $214.46 million, a PE ratio of 3.64 and a beta of 4.54. Lsb Industries Inc. has a 1-year low of $4.52 and a 1-year high of $11.71.
Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Monday, October 30th. The conglomerate reported ($0.91) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.12. Lsb Industries had a negative net margin of 12.19% and a negative return on equity of 12.88%. The business had revenue of $92.40 million during the quarter, compared to analyst estimates of $100.49 million. During the same period in the previous year, the business earned ($2.12) EPS. Lsb Industries’s revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that Lsb Industries Inc. will post ($2.68) EPS for the current fiscal year.
Separately, ValuEngine upgraded Lsb Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, September 8th.
About Lsb Industries
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
Want to see what other hedge funds are holding LXU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lsb Industries Inc. (NYSE:LXU).
Receive News & Ratings for Lsb Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lsb Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.