Jane Street Group LLC Sells 35,676 Shares of LSB Industries, Inc. (NYSE:LXU)

Jane Street Group LLC reduced its stake in LSB Industries, Inc. (NYSE:LXU) by 46.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,516 shares of the conglomerate’s stock after selling 35,676 shares during the period. Jane Street Group LLC’s holdings in LSB Industries were worth $334,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of LSB Industries during the third quarter valued at about $93,000. Intech Investment Management LLC bought a new stake in LSB Industries in the 3rd quarter worth approximately $93,000. Private Advisor Group LLC raised its holdings in shares of LSB Industries by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 1,563 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of LSB Industries during the 3rd quarter valued at approximately $103,000. Finally, Squarepoint Ops LLC bought a new stake in LSB Industries in the second quarter worth $116,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LXU. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $9.50 to $11.00 in a research report on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th.

LSB Industries Trading Down 3.9 %

Shares of LXU opened at $7.36 on Friday. The company’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $8.23. The company has a market cap of $527.13 million, a P/E ratio of -35.05, a P/E/G ratio of 20.49 and a beta of 0.89. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $10.40.

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.