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

Luxfer Holdings PLC (NYSE:LXFR) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 117,800 shares, a drop of 18.8% from the January 15th total of 145,100 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 127,300 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. increased its position in Luxfer by 2,131.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 312,400 shares of the industrial products company’s stock worth $4,089,000 after acquiring an additional 298,400 shares during the period. Royce & Associates LP lifted its stake in Luxfer by 20.4% during the fourth quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company’s stock worth $21,259,000 after purchasing an additional 275,669 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Luxfer by 441.5% during the 4th quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company’s stock worth $1,965,000 after buying an additional 122,423 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Luxfer by 17.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company’s stock worth $10,282,000 after buying an additional 115,623 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Luxfer by 14.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company’s stock valued at $8,778,000 after buying an additional 84,097 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Stock Down 3.4 %

LXFR traded down $0.50 during midday trading on Friday, hitting $14.21. 78,942 shares of the company’s stock traded hands, compared to its average volume of 117,328. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The company has a market cap of $380.54 million, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88. The stock’s fifty day simple moving average is $13.59 and its 200-day simple moving average is $12.95. Luxfer has a one year low of $7.61 and a one year high of $15.64.

Luxfer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 17th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Monday, January 27th. Luxfer’s payout ratio is 157.58%.

About Luxfer

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.