Luxfer Holdings PLC (NYSE:LXFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “
Several other brokerages have also issued reports on LXFR. TheStreet upgraded shares of Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Credit Suisse Group AG reissued a “buy” rating and issued a $16.00 price target on shares of Luxfer Holdings PLC in a research note on Sunday, July 10th.
Shares of Luxfer Holdings PLC (NYSE:LXFR) opened at 11.92 on Thursday. Luxfer Holdings PLC has a 52 week low of $9.17 and a 52 week high of $13.60. The firm has a market capitalization of $313.48 million, a P/E ratio of 11.17 and a beta of 0.62. The stock has a 50 day moving average price of $11.21 and a 200 day moving average price of $11.79.
Luxfer Holdings PLC (NYSE:LXFR) last announced its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Luxfer Holdings PLC had a net margin of 6.56% and a return on equity of 18.51%. The company earned $111 million during the quarter, compared to analyst estimates of $113.92 million. Analysts forecast that Luxfer Holdings PLC will post $1.14 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in Luxfer Holdings PLC during the second quarter valued at $114,000. State Street Corp increased its position in shares of Luxfer Holdings PLC by 2.1% in the second quarter. State Street Corp now owns 16,322 shares of the company’s stock valued at $196,000 after buying an additional 337 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Luxfer Holdings PLC by 163.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 13,228 shares of the company’s stock valued at $159,000 after buying an additional 8,209 shares during the period. Paradice Investment Management LLC increased its position in shares of 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 valued at $20,840,000 after buying an additional 143,139 shares during the period. Finally, Nationwide Fund Advisors purchased a new position in shares of Luxfer Holdings PLC during the second quarter valued at approximately $1,026,000. 84.65% of the stock is owned by institutional investors and hedge funds.
Luxfer Holdings PLC Company Profile
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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