Shares of LSB Industries, Inc. (NYSE:LXU) seem to be on a bit of a rollercoaster ride as of late. Last week the stock saw its price fall approximately 10%, and over the last 4 weeks, we’ve seen the share price fall over 60%. Much of this could be due to a class action lawsuit which was commenced recently by Levi & Korsinsky, LLP. It concerns those who suffered a loss in LSB Industry stocks between May 8, 2015 and August 7, 2015, due to statements which the lawsuit says were “false and misleading, and/or lacked a resonable basis.
Today, however shares have picked up quite a bit of ground as perhaps investors believe that it took a larger than needed hit for the pending lawsuit.
The stock is up 12.36% or $0.77 after the news, hitting $7 per share. About 397,431 shares traded hands. LXU has declined 86.17% since April 27, 2015 and is downtrending. It has underperformed by 85.28% the S&P500.
The institutional sentiment increased to 1.3 in Q2 2015. Its up 0.05, from 1.25 in 2015Q1. The ratio is positive, as 7 funds sold all LSB Industries, Inc. shares owned while 47 reduced positions. 19 funds bought stakes while 51 increased positions. They now own 16.86 million shares or 6.07% less from 17.94 million shares in 2015Q1.
Robotti Robert holds 7.92% of its portfolio in LSB Industries, Inc. for 350,004 shares. Gendell Jeffrey L owns 635,687 shares or 4.39% of their US portfolio. Moreover, Andalusian Capital Partners Lp has 2.86% invested in the company for 280,797 shares. The Missouri-based Eidelman Virant Capital has invested 2.52% in the stock. First Wilshire Securities Management Inc, a California-based fund reported 272,104 shares.
LSB Industries, Inc. is a holding company engaged in manufacturing and marketing activities through its subsidiaries. The company has a market cap of $141.31 million. The Firm operates in two divisions: Chemical Business and Climate Control Business. It currently has negative earnings. LSB and its wholly owned subsidiaries own businesses, which include chemical business makes and sells nitrogen chemical products for the agricultural, industrial, and mining markets and climate control business makes and sells a range of heating, ventilation and air conditioning products that include water source and geothermal heat pumps, hydronic fan coils, custom air handlers, modular geothermal and other chillers, and other related services and products.