Luxfer Holdings PLC (NYSE:LXFR) Sees Significant Decline in Short Interest

Luxfer Holdings PLC (NYSE:LXFR) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,230,000 shares, a drop of 8.9% from the September 30th total of 1,350,000 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily trading volume, of 164,300 shares, the short-interest ratio is presently 7.5 days.

Several research analysts recently commented on LXFR shares. Zacks Investment Research raised shares of Luxfer from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine raised shares of Luxfer from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Luxfer by 396.8% during the 2nd quarter. Royal Bank of Canada now owns 2,365 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,889 shares during the period. Atria Investments LLC bought a new stake in shares of Luxfer in the 2nd quarter valued at about $375,000. Strs Ohio bought a new stake in shares of Luxfer in the 2nd quarter valued at about $178,000. Baker Ellis Asset Management LLC bought a new stake in shares of Luxfer in the 2nd quarter valued at about $226,000. Finally, First Mercantile Trust Co. boosted its holdings in shares of Luxfer by 20.6% in the 3rd quarter. First Mercantile Trust Co. now owns 9,775 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,670 shares in the last quarter.

LXFR stock traded up $0.34 during trading on Friday, hitting $17.70. The company had a trading volume of 138,964 shares, compared to its average volume of 123,918. The firm has a market capitalization of $460.11 million, a P/E ratio of 11.42 and a beta of 1.10. Luxfer has a 52-week low of $14.65 and a 52-week high of $26.25. The company has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $19.74. The company has a quick ratio of 1.26, a current ratio of 2.58 and a debt-to-equity ratio of 0.59.

Luxfer (NYSE:LXFR) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). The company had revenue of $107.10 million during the quarter, compared to analysts’ expectations of $103.00 million. Luxfer had a positive return on equity of 23.71% and a negative net margin of 0.66%. Sell-side analysts forecast that Luxfer will post 1.35 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, October 17th.

About Luxfer

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

Featured Story: Penny Stocks

Receive News & Ratings for Luxfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxfer and related companies with MarketBeat.com's FREE daily email newsletter.