Luxfer Holdings PLC (NYSE:LXFR) Short Interest Update

Luxfer Holdings PLC (NYSE:LXFR) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 372,500 shares, a drop of 31.6% from the September 30th total of 544,200 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 120,200 shares, the short-interest ratio is currently 3.1 days. Based on an average daily volume of 120,200 shares, the short-interest ratio is currently 3.1 days. Approximately 1.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LXFR. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Luxfer in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Luxfer Stock Performance

Shares of Luxfer stock traded up $0.24 during trading on Monday, reaching $12.44. The company’s stock had a trading volume of 131,018 shares, compared to its average volume of 97,792. 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 business’s fifty day moving average price is $13.46 and its 200-day moving average price is $12.37. The firm has a market cap of $332.40 million, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.64 and a beta of 1.10. Luxfer has a one year low of $9.41 and a one year high of $15.64.

Luxfer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Friday, October 17th will be paid a $0.13 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.2%. Luxfer’s payout ratio is presently 98.11%.

Hedge Funds Weigh In On Luxfer

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Luxfer in the second quarter worth about $29,000. New York State Teachers Retirement System bought a new position in Luxfer during the first quarter valued at about $29,000. Quantbot Technologies LP bought a new position in Luxfer during the first quarter valued at about $56,000. CWM LLC increased its stake in Luxfer by 79.6% during the second quarter. CWM LLC now owns 6,920 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 3,068 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Luxfer during the first quarter valued at about $124,000. 90.82% of the stock is currently owned by institutional investors.

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.