Renaissance Technologies LLC Has $13.35 Million Stake in LSB Industries, Inc. (NYSE:LXU)

Renaissance Technologies LLC reduced its holdings in LSB Industries, Inc. (NYSE:LXU) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,759,393 shares of the conglomerate’s stock after selling 52,900 shares during the quarter. Renaissance Technologies LLC owned approximately 2.46% of LSB Industries worth $13,354,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FNY Investment Advisers LLC acquired a new position in LSB Industries in the fourth quarter worth $54,000. New York State Common Retirement Fund grew its holdings in LSB Industries by 48.6% during the 4th 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 last quarter. KLP Kapitalforvaltning AS acquired a new stake in LSB Industries in the 4th quarter valued at about $71,000. Fox Run Management L.L.C. acquired a new position in shares of LSB Industries during the fourth quarter worth approximately $84,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of LSB Industries during the fourth quarter valued at approximately $103,000. 73.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LXU has been the subject of several research analyst reports. Piper Sandler set a $10.00 price objective on shares of LSB Industries in a research report on Thursday, March 27th. StockNews.com lowered LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, LSB Industries presently has an average rating of “Moderate Buy” and an average target price of $10.50.

LSB Industries Stock Performance

Shares of NYSE:LXU opened at $5.34 on Tuesday. The firm’s 50 day simple moving average is $6.95 and its 200 day simple moving average is $7.98. LSB Industries, Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $10.40. The company has a market capitalization of $383.67 million, a price-to-earnings ratio of -25.43, a P/E/G ratio of 0.89 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

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.