SG Americas Securities LLC Grows Holdings in LSB Industries, Inc. (NYSE:LXU)

SG Americas Securities LLC raised its position in LSB Industries, Inc. (NYSE:LXU) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,589 shares of the conglomerate’s stock after buying an additional 3,763 shares during the period. SG Americas Securities LLC’s holdings in LSB Industries were worth $171,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. bought a new position in LSB Industries in the 4th quarter valued at $113,000. FNY Investment Advisers LLC bought a new position in LSB Industries during the fourth quarter valued at about $54,000. JPMorgan Chase & Co. increased its holdings in LSB Industries by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 138,084 shares of the conglomerate’s stock worth $1,110,000 after buying an additional 21,801 shares during the last quarter. Barclays PLC raised its position in LSB Industries by 224.9% in the third quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock worth $718,000 after acquiring an additional 61,793 shares during the period. Finally, State Street Corp boosted its stake in LSB Industries by 0.6% in the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate’s stock valued at $10,164,000 after acquiring an additional 7,751 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LXU shares. Piper Sandler upgraded shares of LSB Industries from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $11.00 in a research note on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a research report on Monday, November 4th.

LSB Industries Trading Down 0.2 %

Shares of LXU stock opened at $8.10 on Monday. The stock has a market capitalization of $580.12 million, a price-to-earnings ratio of -38.57, a PEG ratio of 0.76 and a beta of 0.87. The company’s fifty day simple moving average is $8.35 and its two-hundred day simple moving average is $8.31. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $10.40. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

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.