California State Teachers Retirement System Boosts Stake in LSB Industries Inc. (LXU)
California State Teachers Retirement System boosted its stake in LSB Industries Inc. (NYSE:LXU) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 43,267 shares of the company’s stock after buying an additional 1,457 shares during the period. California State Teachers Retirement System owned approximately 0.18% of LSB Industries worth $523,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Robotti Robert raised its position in shares of 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. Kennedy Capital Management Inc. purchased a new position in shares of LSB Industries during the first quarter valued at $2,731,000. JPMorgan Chase & Co. raised its position in shares of 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. Geode Capital Management LLC raised its position in shares of LSB Industries by 1.8% in the first quarter. Geode Capital Management LLC now owns 117,954 shares of the company’s stock valued at $1,503,000 after buying an additional 2,103 shares during the period. Finally, Northpointe Capital LLC purchased a new position in shares of LSB Industries during the second quarter valued at $4,048,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of LSB Industries Inc. (NYSE:LXU) traded down 6.38% during mid-day trading on Friday, reaching $6.75. The company had a trading volume of 1,211,405 shares. The company’s 50-day moving average is $9.75 and its 200 day moving average is $11.89. LSB Industries Inc. has a 52-week low of $3.68 and a 52-week high of $18.10. The stock’s market capitalization is $188.56 million.
LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.36. The business earned $109.98 million during the quarter, compared to analyst estimates of $167.65 million. LSB Industries had a negative return on equity of 8.23% and a negative net margin of 7.06%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. Analysts anticipate that LSB Industries Inc. will post ($3.16) EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded LSB Industries from a “hold” rating to a “sell” rating in a report 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.
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