Cortina Asset Management LLC cut its position in Lsb Industries Inc. (NYSE:LXU) by 18.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,701 shares of the conglomerate’s stock after selling 125,029 shares during the period. Cortina Asset Management LLC owned about 1.97% of Lsb Industries worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Texas Permanent School Fund increased its stake in shares of Lsb Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 14,932 shares of the conglomerate’s stock worth $154,000 after purchasing an additional 124 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Lsb Industries by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,384 shares of the conglomerate’s stock worth $707,000 after purchasing an additional 456 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Lsb Industries by 6.4% in the first quarter. Thrivent Financial For Lutherans now owns 11,470 shares of the conglomerate’s stock worth $108,000 after purchasing an additional 690 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Lsb Industries by 12.6% in the second quarter. The Manufacturers Life Insurance Company now owns 18,703 shares of the conglomerate’s stock worth $194,000 after purchasing an additional 2,090 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Lsb Industries by 8.8% in the second quarter. Legal & General Group Plc now owns 37,676 shares of the conglomerate’s stock worth $388,000 after purchasing an additional 3,055 shares in the last quarter. 66.84% of the stock is owned by hedge funds and other institutional investors.
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Shares of Lsb Industries Inc. (NYSE LXU) traded up $0.17 during midday trading on Friday, hitting $8.73. 288,200 shares of the stock were exchanged, compared to its average volume of 457,444. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.85 and a quick ratio of 1.60. Lsb Industries Inc. has a 1 year low of $5.55 and a 1 year high of $11.71.
Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Monday, October 30th. The conglomerate reported ($0.91) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.03) by $0.12. The firm had revenue of $92.40 million during the quarter, compared to analysts’ expectations of $100.49 million. Lsb Industries had a negative net margin of 12.19% and a negative return on equity of 13.12%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.12) earnings per share.
Separately, ValuEngine cut shares of Lsb Industries from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.
Lsb Industries Profile
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.
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