Luxfer Holdings PLC (NYSE:LXFR – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 153,200 shares, a drop of 31.7% from the December 15th total of 224,200 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 152,200 shares, the days-to-cover ratio is currently 1.0 days.
Luxfer Stock Up 2.4 %
LXFR opened at $12.82 on Wednesday. Luxfer has a 12 month low of $7.55 and a 12 month high of $15.64. The company has a market cap of $343.38 million, a PE ratio of 38.85, a price-to-earnings-growth ratio of 2.29 and a beta of 0.88. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $13.81 and a 200 day moving average of $12.66.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.
Hedge Funds Weigh In On Luxfer
Large investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Luxfer by 1.6% during the 3rd quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after purchasing an additional 43,559 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Luxfer by 17.4% in the second quarter. First Eagle Investment Management LLC now owns 287,707 shares of the industrial products company’s stock valued at $3,335,000 after acquiring an additional 42,668 shares during the period. MML Investors Services LLC grew its stake in Luxfer by 75.4% during the third quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 8,223 shares in the last quarter. State Street Corp increased its holdings in Luxfer by 0.3% during the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after acquiring an additional 1,413 shares during the period. Finally, Barclays PLC lifted its stake in Luxfer by 64.2% in the 3rd quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 26,112 shares in the last quarter. 90.82% of the stock is 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.
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