Cubist Systematic Strategies LLC lowered its position in LSB Industries, Inc. (NYSE:LXU – Get Rating) stock by 77.4% in the third quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). clarified. The fund owned 58,156 shares of the conglomerate after selling 199,664 shares during the period. Cubist Systematic Strategies LLC owned his 0.07% of LSB Industries worth $829,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares in the company. The New York State Teachers Retirement System acquired a new position worth approximately $40,000 in his LSB Industries stock in the third quarter. Allspring Global Investments Holdings LLC acquired his new LSB Industries position in the third quarter for approximately $52,000. Zurcher Kantonalbank Zurich Cantonalbank said in the second quarter he acquired a new position in LSB Industries for around $64,000. Royal Bank of Canada won a new position in LSB Industries in the first quarter worth approximately $93,000. Finally, Tower Research Capital LLC TRC increased its stake in LSB Industries by 723.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,526 shares of the conglomerate worth $121,000 after purchasing an additional 7,490 of his shares during this period. Institutional investors and hedge funds own 81.20% of the company’s shares.
Wall Street analyst opinion
Several equity analysts have recently taken notice of LXU stock. TheStreet upgraded LSB Industries’ stock from a ‘c’ rating to a ‘b-‘ rating in his Thursday, Feb. 23 report. UBS Group lowered its price target on LSB Industries’ shares from $18.00 to $17.00 in a report on Thursday, February 23, giving the stock a Buy rating. Goldman Sachs Group lowered its price target on LSB Industries shares from $18.00 to $17.00 in a report on Monday, February 27, giving the stock a ‘neutral’ rating. StockNews.com downgraded LSB Industries’ stock from a ‘buy’ rating to a ‘hold’ rating in a report on Friday, January 6. Finally, Jefferies Financial Group began coverage of his LSB Industries stock in a report on Wednesday, November 30. They issued a ‘Buy’ rating and a price target of $20.00. Two equity research analysts rated the stock with a hold rating and five issued buy ratings to the company. According to MarketBeat.com data, the stock currently has a consensus rating of “moderate buy” with an average target price of $20.17.
LSB Industries stock performance
LXU shares opened at $12.82 on Friday. The company has a 50-day moving average of $12.76 and a 200-day moving average of $14.28. His one-year low for LSB Industries, Inc. is $11.36 and his one-year high is $27.45. The company has a market capitalization of $975.99 million, a PE ratio of 4.82 and a beta of 1.60. The company has a debt to equity ratio of 1.36, a current ratio of 3.98 and a quick ratio of 3.76.
LSB Industry Profile
LSB Industries, Inc is engaged in the manufacture, marketing and sale of chemical products for the agricultural, mining and industrial markets. It also owns and operates facilities in El Dorado, Arkansas (Eldorado Facility), Cherokee, Alabama (Cherokee Facility), and Prior, Oklahoma (Prior Facility), and Covestro AG (Covestro) facility in Baytown, Texas (Baytown). increase. institution).
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