Rock Point Advisors LLC reduced its stake in shares of LSB Industries Inc. (NYSE:LXU) by 60.4% during the second quarter, Holdings Channel reports. The firm owned 19,000 shares of the company’s stock after selling 28,965 shares during the period. Rock Point Advisors LLC’s holdings in LSB Industries were worth $230,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in LXU. Robotti Robert raised its stake in LSB Industries by 44.6% in the first quarter. Robotti Robert now owns 1,738,232 shares of the company’s stock valued at $22,163,000 after buying an additional 536,215 shares during the period. Northpointe Capital LLC acquired a new stake in LSB Industries during the second quarter valued at $4,048,000. Kennedy Capital Management Inc. acquired a new stake in LSB Industries during the first quarter valued at $2,731,000. JPMorgan Chase & Co. raised its stake in LSB Industries by 1,340.7% in the first quarter. JPMorgan Chase & Co. now owns 61,635 shares of the company’s stock valued at $786,000 after buying an additional 57,357 shares during the period. Finally, Nisa Investment Advisors L.L.C. acquired a new stake in LSB Industries during the first quarter valued at $342,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of LSB Industries Inc. (NYSE:LXU) traded up 4.71% during mid-day trading on Tuesday, hitting $6.22. The stock had a trading volume of 856,715 shares. The stock’s market cap is $173.76 million. LSB Industries Inc. has a 12 month low of $3.68 and a 12 month high of $16.74. The firm has a 50 day moving average price of $8.61 and a 200-day moving average price of $11.55.
LSB Industries (NYSE:LXU) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.36. LSB Industries had a negative net margin of 7.06% and a negative return on equity of 8.23%. The firm had revenue of $109.98 million for the quarter, compared to analysts’ expectations of $167.65 million. During the same period in the prior year, the company earned $0.02 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities research analysts forecast that LSB Industries Inc. will post ($3.16) EPS for the current year.
Separately, Zacks Investment Research lowered LSB Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th.
About LSB Industries
LSB Industries, Inc is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets.
Want to see what other hedge funds are holding LXU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LSB Industries Inc. (NYSE:LXU).
Receive News & Ratings for LSB Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSB Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.