Sterneck Capital Management LLC Has $737,000 Position in Lsb Industries Inc. (LXU)
Sterneck Capital Management LLC lessened its position in shares of Lsb Industries Inc. (NYSE:LXU) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,391 shares of the conglomerate’s stock after selling 1,210 shares during the period. Sterneck Capital Management LLC owned 0.25% of Lsb Industries worth $737,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Lsb Industries by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 18,703 shares of the conglomerate’s stock worth $194,000 after buying an additional 2,090 shares during the last quarter. State Street Corp raised its stake in Lsb Industries by 2.9% during the second quarter. State Street Corp now owns 454,088 shares of the conglomerate’s stock worth $4,685,000 after buying an additional 12,920 shares during the last quarter. Royal Bank of Canada raised its stake in Lsb Industries by 30.7% during the second quarter. Royal Bank of Canada now owns 20,192 shares of the conglomerate’s stock worth $209,000 after buying an additional 4,739 shares during the last quarter. Voya Investment Management LLC bought a new position in Lsb Industries during the second quarter worth $115,000. Finally, Parametric Portfolio Associates LLC raised its stake in Lsb Industries by 6.6% during the second quarter. Parametric Portfolio Associates LLC now owns 590,880 shares of the conglomerate’s stock worth $6,104,000 after buying an additional 36,444 shares during the last quarter. 70.18% of the stock is owned by institutional investors and hedge funds.
Lsb Industries Inc. (NYSE:LXU) traded up 4.21% during midday trading on Friday, reaching $7.42. 84,763 shares of the company’s stock traded hands. The stock has a market cap of $210.77 million, a P/E ratio of 3.58 and a beta of 4.54. The company’s 50-day moving average price is $7.05 and its 200-day moving average price is $8.48. Lsb Industries Inc. has a 52-week low of $4.52 and a 52-week high of $11.71.
Lsb Industries (NYSE:LXU) last posted its earnings results on Tuesday, July 25th. The conglomerate reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.26). Lsb Industries had a negative return on equity of 1.11% and a net margin of 24.04%. The company had revenue of $122.90 million during the quarter, compared to analysts’ expectations of $138.21 million. During the same period in the prior year, the business posted ($0.73) earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts predict that Lsb Industries Inc. will post ($2.68) EPS for the current fiscal year.
Separately, ValuEngine raised shares of Lsb Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, September 8th.
Lsb Industries Company Profile
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
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