30,236 Shares in LSB Industries, Inc. (NYSE:LXU) Bought by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new stake in LSB Industries, Inc. (NYSE:LXU) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,236 shares of the conglomerate’s stock, valued at approximately $243,000.

A number of other institutional investors also recently modified their holdings of LXU. International Assets Investment Management LLC lifted its stake in LSB Industries by 1.3% in the 2nd quarter. International Assets Investment Management LLC now owns 114,322 shares of the conglomerate’s stock valued at $935,000 after acquiring an additional 1,495 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of LSB Industries by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock worth $612,000 after purchasing an additional 1,555 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in LSB Industries by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in LSB Industries by 3.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 96,038 shares of the conglomerate’s stock valued at $786,000 after buying an additional 2,943 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

LSB Industries Stock Up 0.7 %

Shares of LXU stock opened at $8.48 on Tuesday. LSB Industries, Inc. has a 52-week low of $6.74 and a 52-week high of $10.40. The stock has a market cap of $607.34 million, a price-to-earnings ratio of -40.38, a PEG ratio of 19.63 and a beta of 0.84. The firm’s 50-day moving average is $8.36 and its 200-day moving average is $8.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. Finally, Piper Sandler increased their price objective on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a report on Thursday, August 8th.

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.