Gendell Jeffrey L buys $13,860,956 stake in LSB Industries (LXU)

LSB Industries (LXU) : Gendell Jeffrey L scooped up 191,225 additional shares in LSB Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,257,800 shares of LSB Industries which is valued at $13,860,956.LSB Industries makes up approximately 2.77% of Gendell Jeffrey L’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management boosted its stake in LXU in the latest quarter, The investment management firm added 6,987 additional shares and now holds a total of 7,887 shares of LSB Industries which is valued at $86,915. Glenmede Trust Co Na sold out all of its stake in LXU during the most recent quarter. The investment firm sold 138 shares of LXU which is valued $1,561.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.Swiss National Bank boosted its stake in LXU in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 33,900 shares of LSB Industries which is valued at $395,274.

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.

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