Los Angeles Capital Management LLC Sells 6,200 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Los Angeles Capital Management LLC reduced its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,390 shares of the industrial products company’s stock after selling 6,200 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Luxfer were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LXFR. Vanguard Group Inc. raised its holdings in Luxfer by 188.8% during the 1st quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after purchasing an additional 1,101,856 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Luxfer during the first quarter worth approximately $2,841,000. Kennedy Capital Management LLC acquired a new position in Luxfer in the first quarter valued at approximately $2,242,000. American Century Companies Inc. boosted its stake in Luxfer by 23.1% in the second quarter. American Century Companies Inc. now owns 899,263 shares of the industrial products company’s stock valued at $10,422,000 after acquiring an additional 169,015 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Luxfer during the 1st quarter worth $1,574,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Luxfer Trading Down 2.1 %

NYSE:LXFR opened at $14.34 on Friday. The firm has a market capitalization of $384.10 million, a price-to-earnings ratio of 43.45, a PEG ratio of 2.50 and a beta of 0.89. Luxfer Holdings PLC has a 1-year low of $7.55 and a 1-year high of $15.64. The business’s 50-day moving average price is $13.03 and its two-hundred day moving average price is $12.07. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, October 18th. Luxfer’s payout ratio is 157.58%.

Insider Activity at Luxfer

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of Luxfer stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total transaction of $70,395.00. Following the transaction, the insider now directly owns 29,008 shares in the company, valued at approximately $314,156.64. The trade was a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.17% of the company’s stock.

Luxfer Company 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.