Hillsdale Investment Management Inc. Has $4.70 Million Position in Luxfer Holdings PLC $LXFR

Hillsdale Investment Management Inc. cut its holdings in Luxfer Holdings PLC (NYSE:LXFR) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 347,163 shares of the industrial products company’s stock after selling 111,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Luxfer were worth $4,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LXFR. State of Alaska Department of Revenue acquired a new stake in shares of Luxfer in the fourth quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in shares of Luxfer in the second quarter valued at $29,000. LSV Asset Management acquired a new stake in shares of Luxfer in the fourth quarter valued at $85,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Luxfer in the fourth quarter valued at $101,000. Finally, Diversified Trust Co. acquired a new stake in shares of Luxfer in the fourth quarter valued at $139,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Luxfer Price Performance

Luxfer stock opened at $17.09 on Friday. The business’s 50-day simple moving average is $13.92 and its 200 day simple moving average is $13.80. The stock has a market cap of $461.55 million, a price-to-earnings ratio of 77.68, a P/E/G ratio of 2.21 and a beta of 1.10. Luxfer Holdings PLC has a 12-month low of $11.15 and a 12-month high of $17.22. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, April 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. Luxfer’s dividend payout ratio (DPR) is 236.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Zacks Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Luxfer Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.