Todays Report: Today: Ameriprise Financial Inc. Cuts Stake in LSB Industries Inc. (LXU)

Today: Ameriprise Financial Inc. Cuts Stake in LSB Industries Inc. (LXU)

Ameriprise Financial Inc. lowered its position in LSB Industries Inc. (NYSE:LXU) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 388,360 shares of the company’s stock after selling 22,133 shares during the period. Ameriprise Financial Inc. owned approximately 1.63% of LSB Industries worth $4,691,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC increased its stake in LSB Industries by 141.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,076,547 shares of the company’s stock worth $13,005,000 after buying an additional 629,922 shares during the period. Robotti Robert increased its stake in LSB Industries by 44.6% in the first quarter. Robotti Robert now owns 1,738,232 shares of the company’s stock worth $22,163,000 after buying an additional 536,215 shares during the period. Emerald Acquisition Ltd. purchased a new stake in LSB Industries during the second quarter worth approximately $5,856,000. Northpointe Capital LLC purchased a new stake in LSB Industries during the second quarter worth approximately $4,048,000. Finally, Kennedy Capital Management Inc. purchased a new stake in LSB Industries during the first quarter worth approximately $2,731,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

LSB Industries Inc. (NYSE:LXU) traded up 3.64% during trading on Monday, hitting $5.70. The stock had a trading volume of 105,795 shares. The stock’s 50-day moving average is $8.95 and its 200 day moving average is $11.66. LSB Industries Inc. has a one year low of $3.68 and a one year high of $17.80. The firm’s market cap is $159.23 million.

LSB Industries (NYSE:LXU) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.36. The firm had revenue of $109.98 million for the quarter, compared to analyst estimates of $167.65 million. LSB Industries had a negative return on equity of 8.23% and a negative net margin of 7.06%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. Equities analysts anticipate that LSB Industries Inc. will post ($3.16) earnings per share for the current year.

Separately, Zacks Investment Research upgraded LSB Industries from a “sell” rating to a “hold” rating in a report on Thursday, July 7th.

About LSB Industries

LSB Industries, Inc is a diversified holding company engaged in manufacturing operations through its subsidiaries. The Company’s segments are Chemical Business, Climate Control Business and Other. Its Chemical Business segment manufactures and sells nitrogen-based chemical products for the agricultural, industrial and mining markets.

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