Pekin Hardy Strauss Inc. Acquires 68,000 Shares of LSB Industries, Inc. (NYSE:LXU)

Pekin Hardy Strauss Inc. lifted its holdings in LSB Industries, Inc. (NYSE:LXU) by 112.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,370 shares of the conglomerate’s stock after acquiring an additional 68,000 shares during the period. Pekin Hardy Strauss Inc. owned 0.18% of LSB Industries worth $1,032,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of LSB Industries in the second quarter worth about $34,000. Intech Investment Management LLC purchased a new stake in shares of LSB Industries in the third quarter worth about $93,000. Bayesian Capital Management LP purchased a new stake in shares of LSB Industries in the first quarter worth about $97,000. Private Advisor Group LLC lifted its position in shares of LSB Industries by 14.1% in the third 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. Finally, Squarepoint Ops LLC purchased a new stake in shares of LSB Industries in the second quarter worth about $116,000. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Up 1.6 %

Shares of LXU stock opened at $8.95 on Monday. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year 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. The stock’s 50 day simple moving average is $8.51 and its two-hundred day simple moving average is $8.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LXU shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a research report on Monday, November 4th. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. Finally, Piper Sandler boosted their target price on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th.

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.