Morgan Stanley Buys 84,441 Shares of LSB Industries, Inc. (NYSE:LXU)

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Morgan Stanley lifted its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 490.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,658 shares of the conglomerate’s stock after acquiring an additional 84,441 shares during the quarter. Morgan Stanley’s holdings in LSB Industries were worth $396,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LXU. Eidelman Virant Capital boosted its stake in shares of LSB Industries by 3.5% during the 2nd quarter. Eidelman Virant Capital now owns 460,214 shares of the conglomerate’s stock worth $1,794,000 after acquiring an additional 15,548 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LSB Industries by 27.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 132,275 shares of the conglomerate’s stock valued at $516,000 after purchasing an additional 28,356 shares during the period. Renaissance Technologies LLC grew its stake in shares of LSB Industries by 14.2% in the 2nd quarter. Renaissance Technologies LLC now owns 319,499 shares of the conglomerate’s stock valued at $1,246,000 after purchasing an additional 39,800 shares during the period. Northern Trust Corp grew its stake in shares of LSB Industries by 2.1% in the 2nd quarter. Northern Trust Corp now owns 275,833 shares of the conglomerate’s stock valued at $1,076,000 after purchasing an additional 5,595 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of LSB Industries by 56.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 141,905 shares of the conglomerate’s stock valued at $553,000 after purchasing an additional 51,051 shares during the period. Institutional investors own 69.15% of the company’s stock.

Several equities research analysts have recently weighed in on the company. ValuEngine lowered LSB Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 5th. Zacks Investment Research lowered LSB Industries from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

In other LSB Industries news, Director Lynn F. White purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $4.21 per share, for a total transaction of $42,100.00. Following the transaction, the director now directly owns 44,689 shares in the company, valued at $188,140.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.30% of the stock is owned by corporate insiders.

NYSE LXU traded up $0.03 during trading hours on Tuesday, reaching $4.39. 775 shares of the company’s stock were exchanged, compared to its average volume of 98,321. The stock has a market cap of $126.34 million, a PE ratio of -1.25 and a beta of 4.29. LSB Industries, Inc. has a one year low of $2.81 and a one year high of $8.26. The firm has a fifty day moving average of $5.04 and a 200-day moving average of $4.61. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 1.60.

LSB Industries Company Profile

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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Institutional Ownership by Quarter for LSB Industries (NYSE:LXU)

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