LSB Industries, Inc. (NYSE:LXU) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of LSB Industries, Inc. (NYSE:LXU) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,210,722 shares of the conglomerate’s stock after selling 122,947 shares during the quarter. Geode Capital Management LLC’s holdings in LSB Industries were worth $9,737,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC raised its position in LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 1,563 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of LSB Industries in the second quarter valued at about $34,000. State Street Corp boosted its stake in shares of LSB Industries by 0.6% during the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate’s stock worth $10,164,000 after buying an additional 7,751 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of LSB Industries by 18.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate’s stock worth $494,000 after buying an additional 9,600 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in LSB Industries by 14.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate’s stock valued at $691,000 after acquiring an additional 10,762 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a research note on Monday, November 4th. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.50 to $11.00 in a research note on Thursday, October 10th.

LSB Industries Stock Performance

NYSE LXU opened at $7.59 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $8.47 and its two-hundred day moving average is $8.25. The stock has a market capitalization of $543.60 million, a price-to-earnings ratio of -36.14, a PEG ratio of 20.49 and a beta of 0.85. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $10.40.

LSB Industries 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.