Ironwood Investment Management LLC Boosts Stake in LSB Industries, Inc. (LXU)
Ironwood Investment Management LLC lifted its position in shares of LSB Industries, Inc. (NYSE:LXU) by 19.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,776 shares of the conglomerate’s stock after acquiring an additional 9,617 shares during the quarter. Ironwood Investment Management LLC’s holdings in LSB Industries were worth $373,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of LXU. Security Benefit Life Insurance Co. KS bought a new position in shares of LSB Industries during the 4th quarter worth $22,422,000. Royce & Associates LP grew its stake in shares of LSB Industries by 29.5% during the 4th quarter. Royce & Associates LP now owns 483,199 shares of the conglomerate’s stock worth $2,667,000 after acquiring an additional 110,000 shares during the period. BlackRock Inc. grew its stake in shares of LSB Industries by 3.2% during the 4th quarter. BlackRock Inc. now owns 2,971,546 shares of the conglomerate’s stock worth $16,402,000 after acquiring an additional 91,432 shares during the period. Vanguard Group Inc grew its stake in shares of LSB Industries by 6.7% during the 3rd quarter. Vanguard Group Inc now owns 1,199,400 shares of the conglomerate’s stock worth $11,730,000 after acquiring an additional 75,255 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of LSB Industries by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,199,400 shares of the conglomerate’s stock worth $11,730,000 after acquiring an additional 75,255 shares during the period. Institutional investors own 73.17% of the company’s stock.
Shares of NYSE LXU opened at $4.00 on Friday. LSB Industries, Inc. has a 52 week low of $3.93 and a 52 week high of $10.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.03 and a current ratio of 1.34.
Separately, ValuEngine downgraded LSB Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th.
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LSB Industries Profile
LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.
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