Trade Report: Today, LSB Industries Inc. (LXU) Bond Prices Fall 2.5%

Today, LSB Industries Inc. (LXU) Bond Prices Fall 2.5%

An issue of LSB Industries Inc. (NYSE:LXU) bonds fell 2.5% as a percentage of their face value during trading on Thursday. The high-yield debt issue has a 7.75% coupon and is set to mature on August 1, 2019. The debt is now trading at $98.00 and was trading at $101.13 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.

Separately, Zacks Investment Research raised shares of LSB Industries from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th.

Shares of LSB Industries Inc. (NYSE:LXU) opened at 7.21 on Friday. LSB Industries Inc. has a 1-year low of $3.68 and a 1-year high of $18.23. The stock’s 50 day moving average is $9.90 and its 200 day moving average is $11.94. The company’s market cap is $201.41 million.

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

Hedge funds have recently made changes to their positions in the stock. Robotti Robert boosted its stake in shares of LSB Industries by 4.4% in the second quarter. Robotti Robert now owns 1,824,587 shares of the company’s stock valued at $22,041,000 after buying an additional 76,155 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of LSB Industries by 44.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,583,720 shares of the company’s stock valued at $19,131,000 after buying an additional 486,865 shares during the period. BlackRock Fund Advisors boosted its stake in shares of LSB Industries by 10.7% in the second quarter. BlackRock Fund Advisors now owns 1,387,463 shares of the company’s stock valued at $16,761,000 after buying an additional 133,922 shares during the period. Gendell Jeffrey L boosted its stake in shares of LSB Industries by 17.9% in the second quarter. Gendell Jeffrey L now owns 1,257,800 shares of the company’s stock valued at $15,194,000 after buying an additional 191,225 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of 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 valued at $13,005,000 after buying an additional 629,922 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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