Paloma Partners Management Co Acquires New Position in LSB Industries, Inc. (NYSE:LXU)

Paloma Partners Management Co bought a new position in LSB Industries, Inc. (NYSE:LXU) in the third quarter, Holdings Channel reports. The institutional investor bought 19,120 shares of the conglomerate’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LXU. nVerses Capital LLC bought a new stake in shares of LSB Industries in the 2nd quarter worth approximately $34,000. Dynamic Technology Lab Private Ltd bought a new position in shares of LSB Industries during the 3rd quarter valued at $93,000. Intech Investment Management LLC purchased a new position in LSB Industries in the 3rd quarter worth $93,000. Private Advisor Group LLC lifted its stake in LSB Industries by 14.1% in the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in LSB Industries during the third quarter valued at about $103,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a report on Monday, November 4th. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th.

LSB Industries Price Performance

LXU stock opened at $8.62 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $8.41. The stock has a market capitalization of $617.36 million, a price-to-earnings ratio of -41.05, a PEG ratio of 20.91 and a beta of 0.85. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $10.40.

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.