CastleKnight Management LP Sells 348,662 Shares of Lsb Industries Inc. $LXU

CastleKnight Management LP reduced its holdings in Lsb Industries Inc. (NYSE:LXU) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,239,383 shares of the conglomerate’s stock after selling 348,662 shares during the period. Lsb Industries makes up about 0.6% of CastleKnight Management LP’s investment portfolio, making the stock its 19th biggest holding. CastleKnight Management LP’s holdings in Lsb Industries were worth $27,535,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the business. Kennedy Capital Management LLC increased its holdings in Lsb Industries by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock worth $2,358,000 after purchasing an additional 1,210 shares in the last quarter. Rhumbline Advisers increased its holdings in Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 1,616 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after purchasing an additional 2,148 shares in the last quarter. Royal Bank of Canada increased its holdings in Lsb Industries by 7.4% in the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Stock Down 0.4%

LXU stock opened at $11.68 on Thursday. The stock’s fifty day simple moving average is $13.61 and its two-hundred day simple moving average is $11.79. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81. Lsb Industries Inc. has a 1-year low of $7.09 and a 1-year high of $17.22. The stock has a market cap of $840.10 million, a P/E ratio of 18.54 and a beta of 0.31.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The business had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. Analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling at Lsb Industries

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the director owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. The trade was a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the transaction, the senior vice president directly owned 47,452 shares in the company, valued at approximately $587,455.76. This represents a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, March 12th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a report on Monday, May 11th. Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lsb Industries presently has an average rating of “Hold” and an average price target of $15.33.

Lsb Industries Company Profile

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.