Short Interest in Luxfer Holdings PLC (NYSE:LXFR) Decreases By 18.8%

Luxfer Holdings PLC (NYSE:LXFR) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 142,400 shares, a decrease of 18.8% from the August 15th total of 175,300 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 116,700 shares, the days-to-cover ratio is presently 1.2 days.

Luxfer Trading Up 2.9 %

NYSE LXFR traded up $0.34 on Tuesday, reaching $11.94. The company had a trading volume of 76,266 shares, compared to its average volume of 154,551. The business has a 50 day moving average of $11.44 and a two-hundred day moving average of $11.15. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $13.52. The firm has a market cap of $327.32 million, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 1.21.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping 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 company had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. Analysts forecast that Luxfer will post 0.75 EPS for the current year.

Luxfer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Friday, July 19th were given a dividend of $0.13 per share. The ex-dividend date was Friday, July 19th. This represents a $0.52 annualized dividend and a dividend yield of 4.36%.

Insider Buying and Selling

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

Institutional Trading of Luxfer

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Luxfer by 188.8% in the first quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after acquiring an additional 1,101,856 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of Luxfer during the first quarter valued at about $2,841,000. Kennedy Capital Management LLC bought a new stake in shares of Luxfer during the first quarter worth about $2,242,000. American Century Companies Inc. raised its holdings in shares of Luxfer by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 899,263 shares of the industrial products company’s stock worth $10,422,000 after acquiring an additional 169,015 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in Luxfer by 56.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 427,153 shares of the industrial products company’s stock valued at $3,819,000 after acquiring an additional 154,085 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

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.