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

Luxfer Holdings PLC (NYSE:LXFR) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 142,400 shares, a drop of 18.8% from the August 15th total of 175,300 shares. Based on an average trading volume of 116,700 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Insider Transactions at Luxfer

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the sale, the insider now directly owns 29,008 shares of the company’s stock, valued at approximately $314,156.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXFR. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Luxfer by 378.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 46,012 shares in the last quarter. Trexquant Investment LP acquired a new position in Luxfer in the fourth quarter valued at about $736,000. Dynamic Technology Lab Private Ltd bought a new stake in Luxfer during the fourth quarter worth about $131,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Luxfer during the first quarter worth approximately $432,000. Finally, Kennedy Capital Management LLC bought a new position in shares of Luxfer in the first quarter valued at approximately $2,242,000. Institutional investors own 90.82% of the company’s stock.

Luxfer Trading Up 3.6 %

Shares of LXFR opened at $11.55 on Monday. The stock’s 50-day moving average price is $11.44 and its 200 day moving average price is $11.14. The company has a quick ratio of 1.21, a current ratio of 2.39 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $316.35 million, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.10 and a beta of 0.90. Luxfer has a 12-month low of $7.55 and a 12-month high of $13.52.

Luxfer (NYSE:LXFR) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Luxfer had a positive return on equity of 6.24% and a negative net margin of 1.28%. The business had revenue of $99.70 million during the quarter, compared to analyst estimates of $99.70 million. As a group, research analysts predict that Luxfer will post 0.75 earnings per share for the current year.

Luxfer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Friday, July 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, July 19th.

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.