Luxfer Holdings PLC (NYSE:LXFR) reached a new 52-week high during trading on Wednesday . The company traded as high as $27.96 and last traded at $27.53, with a volume of 5676 shares. The stock had previously closed at $26.96.
A number of research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Luxfer from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Monday. ValuEngine upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 22nd. Finally, Zacks Investment Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Thursday, August 9th.
The firm has a market cap of $702.90 million, a PE ratio of 29.04 and a beta of 0.75. The company has a current ratio of 2.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LXFR. Millennium Management LLC lifted its position in shares of Luxfer by 378.0% during the first quarter. Millennium Management LLC now owns 231,935 shares of the industrial products company’s stock valued at $2,969,000 after purchasing an additional 183,416 shares in the last quarter. Granahan Investment Management Inc. MA bought a new position in shares of Luxfer during the second quarter valued at about $3,021,000. Russell Investments Group Ltd. lifted its position in shares of Luxfer by 108.3% during the third quarter. Russell Investments Group Ltd. now owns 321,664 shares of the industrial products company’s stock valued at $7,473,000 after purchasing an additional 167,241 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Luxfer by 37.7% during the third quarter. Acadian Asset Management LLC now owns 590,208 shares of the industrial products company’s stock valued at $13,720,000 after purchasing an additional 161,559 shares in the last quarter. Finally, Engine Capital Management LP bought a new position in shares of Luxfer during the second quarter valued at about $1,795,000. 87.45% of the stock is currently owned by institutional investors.
About Luxfer (NYSE:LXFR)
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.
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