Eidelman Virant Capital buys $4.4 Million stake in LSB Industries (LXU)

LSB Industries (LXU) : Eidelman Virant Capital scooped up 189,297 additional shares in LSB Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 319,500 shares of LSB Industries which is valued at $4.4 Million.LSB Industries makes up approximately 3.13% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in LXU in the latest quarter, The investment management firm added 631 additional shares and now holds a total of 2,230 shares of LSB Industries which is valued at $30,774.Blackrock Advisors boosted its stake in LXU in the latest quarter, The investment management firm added 1,761 additional shares and now holds a total of 9,776 shares of LSB Industries which is valued at $134,909.California Public Employees Retirement System reduced its stake in LXU by selling 18,700 shares or 36.38% in the most recent quarter. The Hedge Fund company now holds 32,700 shares of LXU which is valued at $336,483.Swiss National Bank boosted its stake in LXU in the latest quarter, The investment management firm added 6,100 additional shares and now holds a total of 30,700 shares of LSB Industries which is valued at $315,903. Nisa Investment Advisors L.l.c. added LXU to its portfolio by purchasing 26,800 company shares during the most recent quarter which is valued at $352,688. LSB Industries makes up approx 0.01% of Nisa Investment Advisors L.l.c.’s portfolio.

LSB Industries closed down -0.15 points or -1.09% at $13.65 with 9,36,424 shares getting traded on Monday. Post opening the session at $13.83, the shares hit an intraday low of $13.42 and an intraday high of $14.3499 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, LSB Industries reported $-0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $-0.30. The company had revenue of $157.00 million for the quarter, compared to analysts expectations of $160.41 million. The company’s revenue was down -16.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 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.

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