Meixler Investment Management Ltd. Sells 17,693 Shares of LSB Industries, Inc. (NYSE:LXU)

Meixler Investment Management Ltd. lessened its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 57.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,888 shares of the conglomerate’s stock after selling 17,693 shares during the quarter. Meixler Investment Management Ltd.’s holdings in LSB Industries were worth $104,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in LSB Industries by 84.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock worth $232,000 after acquiring an additional 12,082 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of LSB Industries by 9.3% in the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock valued at $9,578,000 after buying an additional 92,500 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in LSB Industries by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after buying an additional 1,837 shares during the last quarter. Gendell Jeffrey L boosted its position in LSB Industries by 22.9% during the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock worth $21,515,000 after buying an additional 457,139 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in LSB Industries during the 1st quarter worth approximately $97,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

LSB Industries Trading Down 2.5 %

LXU stock opened at $8.72 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The company’s fifty day simple moving average is $8.24 and its 200 day simple moving average is $8.42. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $10.40.

Analyst Ratings Changes

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

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.