Fox Run Management L.L.C. Makes New Investment in LSB Industries, Inc. (NYSE:LXU)

Fox Run Management L.L.C. acquired a new stake in LSB Industries, Inc. (NYSE:LXU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,066 shares of the conglomerate’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LXU. FNY Investment Advisers LLC purchased a new stake in shares of LSB Industries in the 4th quarter valued at approximately $54,000. New York State Common Retirement Fund grew its position in LSB Industries by 48.6% in the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock worth $63,000 after acquiring an additional 2,700 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in LSB Industries during the fourth quarter worth $71,000. Intech Investment Management LLC purchased a new stake in LSB Industries in the third quarter valued at $93,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of LSB Industries in the 3rd quarter valued at $93,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LXU. Piper Sandler upgraded shares of LSB Industries from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $9.00 to $11.00 in a report on Monday, January 13th. StockNews.com downgraded shares of LSB Industries from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

LSB Industries Trading Down 5.5 %

NYSE LXU opened at $6.62 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The firm has a market cap of $475.28 million, a price-to-earnings ratio of -31.50, a PEG ratio of 0.89 and a beta of 0.69. The firm has a 50 day simple moving average of $7.74 and a 200-day simple moving average of $8.15. LSB Industries, Inc. has a one year low of $6.43 and a one year high of $10.40.

About LSB Industries

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.