Gendell Jeffrey L Lowers stake in LSB Industries (LXU)

LSB Industries (LXU) : Gendell Jeffrey L reduced its stake in LSB Industries by 9.46% during the most recent quarter end. The investment management company now holds a total of 1,066,575 shares of LSB Industries which is valued at $14.7 Million after selling 111,426 shares in LSB Industries , the firm said in a disclosure report filed with the SEC on May 13, 2016.LSB Industries makes up approximately 3.04% of Gendell Jeffrey L’s portfolio.

Other Hedge Funds, Including , Andalusian Capital Partners Lp reduced its stake in LXU by selling 13,696 shares or 9.16% in the most recent quarter. The Hedge Fund company now holds 135,746 shares of LXU which is valued at $1.9 Million. LSB Industries makes up approx 3.01% of Andalusian Capital Partners Lp’s portfolio.Manufacturers Life Insurance Company The boosted its stake in LXU in the latest quarter, The investment management firm added 908 additional shares and now holds a total of 13,951 shares of LSB Industries which is valued at $192,524.Ipg Investment Advisors boosted its stake in LXU in the latest quarter, The investment management firm added 58,685 additional shares and now holds a total of 98,185 shares of LSB Industries which is valued at $1.4 Million. LSB Industries makes up approx 0.64% of Ipg Investment Advisors’s portfolio.

LSB Industries opened for trading at $13.9 and hit $14.09 on the upside on Wednesday, eventually ending the session at $13.98, with a gain of 2.72% or 0.37 points. The heightened volatility saw the trading volume jump to 5,82,082 shares. Company has a market cap of $334 M.

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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