Brightline Capital Management LLC Boosts Position in LSB Industries, Inc. (NYSE:LXU)

Brightline Capital Management LLC raised its position in LSB Industries, Inc. (NYSE:LXU) by 20.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 361,000 shares of the conglomerate’s stock after acquiring an additional 61,000 shares during the quarter. LSB Industries makes up 1.2% of Brightline Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Brightline Capital Management LLC owned 0.50% of LSB Industries worth $2,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of LSB Industries by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock worth $278,000 after buying an additional 1,837 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of LSB Industries during the 1st quarter valued at $97,000. Comerica Bank purchased a new stake in shares of LSB Industries in the 1st quarter worth $210,000. Wedge Capital Management L L P NC raised its holdings in LSB Industries by 3.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 96,038 shares of the conglomerate’s stock worth $786,000 after purchasing an additional 2,943 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in LSB Industries by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock worth $612,000 after purchasing an additional 1,555 shares during the period. 73.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. Finally, Piper Sandler upped their price target on shares of LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th.

LSB Industries Trading Down 2.3 %

Shares of NYSE LXU traded down $0.21 during mid-day trading on Wednesday, reaching $8.73. The company had a trading volume of 180,791 shares, compared to its average volume of 290,142. The stock has a market cap of $625.24 million, a price-to-earnings ratio of -41.57, a price-to-earnings-growth ratio of 20.84 and a beta of 0.84. LSB Industries, Inc. has a 52 week low of $6.74 and a 52 week high of $10.40. The business’s 50-day moving average is $8.56 and its 200-day moving average is $8.43. 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 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.