BlackRock Advisors LLC cut its position in Luxfer Holdings PLC (NYSE:LXFR) by 12.2% during the second quarter, Holdings Channel reports. The institutional investor owned 438,875 shares of the company’s stock after selling 61,234 shares during the period. BlackRock Advisors LLC owned approximately 1.65% of Luxfer Holdings PLC worth $5,280,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in LXFR. Paradice Investment Management LLC increased its position in Luxfer Holdings PLC by 9.0% in the second quarter. Paradice Investment Management LLC now owns 1,732,363 shares of the company’s stock worth $20,840,000 after buying an additional 143,139 shares in the last quarter. Nationwide Fund Advisors purchased a new position in Luxfer Holdings PLC during the second quarter worth approximately $1,026,000. JPMorgan Chase & Co. increased its position in Luxfer Holdings PLC by 125.5% in the second quarter. JPMorgan Chase & Co. now owns 46,989 shares of the company’s stock worth $565,000 after buying an additional 26,147 shares in the last quarter. GSA Capital Partners LLP increased its position in Luxfer Holdings PLC by 144.2% in the second quarter. GSA Capital Partners LLP now owns 45,909 shares of the company’s stock worth $552,000 after buying an additional 27,109 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Luxfer Holdings PLC by 692.1% in the second quarter. Acadian Asset Management LLC now owns 366,768 shares of the company’s stock worth $4,412,000 after buying an additional 320,466 shares in the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.
Luxfer Holdings PLC (NYSE:LXFR) opened at 9.91 on Monday. The firm has a market cap of $260.62 million, a P/E ratio of 9.29 and a beta of 0.63. Luxfer Holdings PLC has a one year low of $9.17 and a one year high of $13.60. The firm’s 50-day moving average price is $11.25 and its 200 day moving average price is $11.86.
Luxfer Holdings PLC (NYSE:LXFR) last released its earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $111 million for the quarter, compared to analysts’ expectations of $113.92 million. Luxfer Holdings PLC had a return on equity of 18.51% and a net margin of 6.56%. On average, equities research analysts forecast that Luxfer Holdings PLC will post $1.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 14th will be paid a $0.125 dividend. This is a boost from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, October 12th. This represents a $0.50 annualized dividend and a yield of 5.05%. Luxfer Holdings PLC’s payout ratio is presently 33.33%.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Luxfer Holdings PLC from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. TheStreet downgraded Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $16.00 price target on shares of Luxfer Holdings PLC in a report on Sunday, July 10th.
About Luxfer Holdings PLC
Luxfer Holdings PLC is a holding company. The Company is a global materials technology company specializing in the design, manufacture and supply of materials, components and high-pressure gas-containment devices for healthcare, environmental, protection and specialty end-markets. Its segments include Elektron division and Gas Cylinders division.
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