Meixler Investment Management Ltd. Boosts Stock Position in LSB Industries, Inc. (NYSE:LXU)

Meixler Investment Management Ltd. grew its position in LSB Industries, Inc. (NYSE:LXU) by 14.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 89,606 shares of the conglomerate’s stock after purchasing an additional 11,125 shares during the quarter. LSB Industries makes up 0.7% of Meixler Investment Management Ltd.’s portfolio, making the stock its 29th biggest position. Meixler Investment Management Ltd.’s holdings in LSB Industries were worth $834,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of LSB Industries by 805.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,038,689 shares of the conglomerate’s stock worth $9,670,000 after buying an additional 923,922 shares during the period. Cerity Partners LLC purchased a new stake in shares of LSB Industries in the 4th quarter worth $5,461,000. UBS Group AG lifted its holdings in shares of LSB Industries by 9.7% in the 3rd quarter. UBS Group AG now owns 512,353 shares of the conglomerate’s stock worth $5,241,000 after buying an additional 45,242 shares during the period. Swiss National Bank lifted its holdings in shares of LSB Industries by 8.7% in the 3rd quarter. Swiss National Bank now owns 117,100 shares of the conglomerate’s stock worth $1,198,000 after buying an additional 9,400 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of LSB Industries by 14.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,802,145 shares of the conglomerate’s stock worth $18,436,000 after acquiring an additional 221,743 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

LSB Industries Stock Up 1.0 %

Shares of LXU traded up $0.08 during trading hours on Friday, hitting $8.21. The company had a trading volume of 279,465 shares, compared to its average volume of 380,261. The company has a market capitalization of $599.33 million, a PE ratio of 22.19 and a beta of 1.10. The company has a current ratio of 3.68, a quick ratio of 3.45 and a debt-to-equity ratio of 1.11. LSB Industries, Inc. has a one year low of $6.74 and a one year high of $11.69. The company’s fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.42.

LSB Industries (NYSE:LXU) last announced its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). LSB Industries had a net margin of 4.70% and a return on equity of 4.91%. The business had revenue of $132.61 million for the quarter, compared to analyst estimates of $127.62 million. As a group, equities analysts forecast that LSB Industries, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler lowered LSB Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $11.50 to $8.00 in a research report on Thursday, February 29th. UBS Group reduced their price target on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research report on Wednesday, March 6th.

Insider Activity at LSB Industries

In related news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $8.25, for a total transaction of $274,254.75. Following the transaction, the executive vice president now directly owns 164,529 shares of the company’s stock, valued at approximately $1,357,364.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is currently owned by corporate insiders.

About LSB Industries

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.