Luxfer (NYSE:LXFR) Rating Lowered to Strong Sell at ValuEngine
Separately, Zacks Investment Research upgraded shares of Luxfer from a sell rating to a hold rating in a research note on Tuesday, August 6th.
Shares of Luxfer stock opened at $16.76 on Friday. The firm has a market capitalization of $420.62 million, a P/E ratio of 9.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.35 and a quick ratio of 1.15. Luxfer has a 12-month low of $15.52 and a 12-month high of $28.06. The business’s 50-day moving average price is $21.38.
In related news, CEO Alok Maskara bought 15,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $15.65 per share, with a total value of $234,750.00. Following the completion of the acquisition, the chief executive officer now owns 154,925 shares of the company’s stock, valued at $2,424,576.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider James Gardella sold 5,200 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $25.58, for a total transaction of $133,016.00. Following the completion of the transaction, the insider now directly owns 45,068 shares of the company’s stock, valued at approximately $1,152,839.44. The disclosure for this sale can be found here. Insiders sold 11,613 shares of company stock valued at $294,318 in the last three months. Company insiders own 1.46% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Luxfer by 45.3% in the first quarter. FMR LLC now owns 4,158,376 shares of the industrial products company’s stock worth $103,876,000 after acquiring an additional 1,295,722 shares during the last quarter. BlackRock Inc. bought a new position in Luxfer in the 2nd quarter valued at approximately $32,943,000. William Blair Investment Management LLC raised its holdings in Luxfer by 34.4% in the 1st quarter. William Blair Investment Management LLC now owns 1,226,992 shares of the industrial products company’s stock valued at $30,650,000 after buying an additional 313,993 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Luxfer by 36.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 615,039 shares of the industrial products company’s stock valued at $15,056,000 after buying an additional 165,327 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in Luxfer by 14.3% in the 2nd quarter. Ancora Advisors LLC now owns 384,240 shares of the industrial products company’s stock valued at $9,422,000 after buying an additional 47,982 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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