Los Angeles Capital Management LLC Grows Position in Luxfer Holdings PLC $LXFR

Los Angeles Capital Management LLC lifted its position in Luxfer Holdings PLC (NYSE:LXFR) by 77.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 94,055 shares of the industrial products company’s stock after purchasing an additional 41,015 shares during the period. Los Angeles Capital Management LLC owned about 0.35% of Luxfer worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its position in Luxfer by 8.4% during the 2nd quarter. Savant Capital LLC now owns 18,127 shares of the industrial products company’s stock valued at $221,000 after buying an additional 1,406 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Luxfer by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 463,869 shares of the industrial products company’s stock valued at $5,650,000 after acquiring an additional 24,185 shares during the last quarter. CWM LLC boosted its holdings in shares of Luxfer by 79.6% during the second quarter. CWM LLC now owns 6,920 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 3,068 shares during the period. Strs Ohio purchased a new stake in shares of Luxfer during the first quarter worth about $504,000. Finally, Jane Street Group LLC grew its stake in shares of Luxfer by 115.0% in the first quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 24,969 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Luxfer Stock Performance

Luxfer stock opened at $12.20 on Thursday. The stock’s 50 day simple moving average is $13.31 and its two-hundred day simple moving average is $12.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66. The stock has a market cap of $325.88 million, a price-to-earnings ratio of 23.01, a PEG ratio of 1.60 and a beta of 1.10. Luxfer Holdings PLC has a fifty-two week low of $9.41 and a fifty-two week high of $15.40.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Friday, October 17th were given a dividend of $0.13 per share. The ex-dividend date was Friday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. Luxfer’s payout ratio is currently 98.11%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LXFR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Luxfer in a research report on Wednesday, October 8th. Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Luxfer Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.