California Public Employees Retirement System boosted its position in LSB Industries Inc. (NYSE:LXU) by 15.7% during the second quarter, Holdings Channel reports. The firm owned 104,500 shares of the company’s stock after buying an additional 14,200 shares during the period. California Public Employees Retirement System owned about 0.44% of LSB Industries worth $1,262,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in LSB Industries by 5.9% in the first quarter. Royal Bank of Canada now owns 9,282 shares of the company’s stock valued at $118,000 after buying an additional 518 shares during the last quarter. Wilen Investment Management CORP. bought a new stake in LSB Industries during the second quarter valued at approximately $115,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in LSB Industries during the first quarter valued at approximately $196,000. Nisa Investment Advisors L.L.C. bought a new stake in LSB Industries during the first quarter valued at approximately $342,000. Finally, Swiss National Bank increased its stake in LSB Industries by 10.4% in the second quarter. Swiss National Bank now owns 33,900 shares of the company’s stock valued at $410,000 after buying an additional 3,200 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.
LSB Industries Inc. (NYSE:LXU) traded down 6.834% during midday trading on Friday, reaching $5.385. The company had a trading volume of 679,176 shares. The firm’s market capitalization is $150.43 million. The stock’s 50 day moving average is $9.12 and its 200 day moving average is $11.71. LSB Industries Inc. has a 12-month low of $3.68 and a 12-month high of $17.83.
LSB Industries (NYSE:LXU) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.36. The firm had revenue of $109.98 million for the quarter, compared to the consensus estimate of $167.65 million. LSB Industries had a negative net margin of 7.06% and a negative return on equity of 8.23%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities research analysts expect that LSB Industries Inc. will post ($3.16) earnings per share for the current year.
Separately, Zacks Investment Research raised LSB Industries from a “sell” rating to a “hold” rating in a report on Thursday, July 7th.
LSB Industries Company Profile
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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