LSB Industries (LXU) : Sabal Capital Management added new position in LSB Industries during the most recent quarter end. The investment management firm now holds 95,625 shares of LSB Industries which is valued at $1,053,788 , the company said in a statement filed on Aug 12, 2016 with the SEC.LSB Industries makes up approximately 2.27% of Sabal Capital Management’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in LXU in the latest quarter, The investment management firm added 16,153 additional shares and now holds a total of 134,107 shares of LSB Industries which is valued at $1,477,859.Comerica Bank boosted its stake in LXU in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 44,641 shares of LSB Industries which is valued at $491,944.Advisors Asset Management reduced its stake in LXU by selling 69 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 4,798 shares of LXU which is valued at $53,402.Great West Life Assurance Co Can boosted its stake in LXU in the latest quarter, The investment management firm added 22,688 additional shares and now holds a total of 23,491 shares of LSB Industries which is valued at $273,905.
LSB Industries opened for trading at $11.54 and hit $12.36 on the upside on Monday, eventually ending the session at $12.3, with a gain of 6.03% or 0.7 points. The heightened volatility saw the trading volume jump to 3,75,969 shares. Company has a market cap of $344 M.
On the company’s financial health, LSB Industries reported $-0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.48. The company had revenue of $109.98 million for the quarter, compared to analysts expectations of $140.30 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
LSB Industries Inc. is a holding company engaged in manufacturing and marketing operations through its subsidiaries. The Company operates in two segments: Chemical Business and Climate Control Business. LSB and its wholly owned subsidiaries own businesses which include chemical business manufactures and sells nitrogen-based chemical products for the agricultural industrial and mining markets and climate control business manufactures and sells a range of heating ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps hydronic fan coils custom air handlers modular geothermal and other chillers and other related products and services. These products are used in commercial or institutional and residential new buildings construction renovation of existing buildings and replacement of existing systems. Its climate control business manufactures and distributes its products from over seven facilities located in Oklahoma City Oklahoma.