Luxfer Holdings PLC (NYSE:LXFR – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 178,900 shares, an increase of 25.6% from the August 31st total of 142,400 shares. Based on an average trading volume of 122,800 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.7% of the shares of the company are short sold.
Luxfer Stock Performance
Luxfer stock traded up $0.17 during trading on Friday, reaching $12.88. The company had a trading volume of 59,735 shares, compared to its average volume of 155,336. The firm has a market capitalization of $353.09 million, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The company has a current ratio of 2.39, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $11.28. Luxfer has a 52 week low of $7.55 and a 52 week high of $13.52.
Luxfer (NYSE:LXFR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $99.70 million for the quarter, compared to the consensus estimate of $99.70 million. Sell-side analysts forecast that Luxfer will post 0.75 earnings per share for the current fiscal year.
Luxfer Dividend Announcement
Insider Buying and Selling at Luxfer
In other news, insider Graham Wardlow sold 6,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total value of $70,395.00. Following the transaction, the insider now owns 29,008 shares in the company, valued at approximately $314,156.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is owned by corporate insiders.
Institutional Trading of Luxfer
Several institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in Luxfer in the 2nd quarter worth $25,000. CWM LLC boosted its stake in shares of Luxfer by 466.6% in the second quarter. CWM LLC now owns 7,558 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 6,224 shares during the period. Algert Global LLC purchased a new stake in shares of Luxfer during the second quarter worth about $133,000. Russell Investments Group Ltd. raised its stake in Luxfer by 254.8% during the 1st quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,445 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Luxfer in the 2nd quarter worth approximately $281,000. 90.82% of the stock is currently owned by institutional investors.
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.
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