LSB Industries, Inc. (NYSE:LXU) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,800 shares of the conglomerate’s stock after purchasing an additional 2,500 shares during the period. Moors & Cabot Inc. owned about 0.06% of LSB Industries worth $348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cornercap Investment Counsel Inc. purchased a new stake in LSB Industries during the third quarter valued at about $243,000. Intech Investment Management LLC purchased a new stake in shares of LSB Industries in the 3rd quarter valued at approximately $93,000. Cerity Partners LLC boosted its stake in LSB Industries by 132.2% in the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after purchasing an additional 778,937 shares during the period. Pekin Hardy Strauss Inc. grew its position in LSB Industries by 112.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock worth $1,032,000 after purchasing an additional 68,000 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in LSB Industries during the 3rd quarter valued at $93,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LXU shares. StockNews.com cut LSB Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler raised shares of LSB Industries from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $11.00 in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LSB Industries has an average rating of “Moderate Buy” and an average target price of $10.75.

LSB Industries Stock Up 2.7 %

Shares of LSB Industries stock opened at $7.13 on Friday. The firm has a market cap of $511.92 million, a price-to-earnings ratio of -33.93, a P/E/G ratio of 0.89 and a beta of 0.69. The stock has a 50-day simple moving average of $8.00 and a 200-day simple moving average of $8.20. LSB Industries, Inc. has a 52-week low of $6.43 and a 52-week 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 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.