Smith Asset Management Group LP raised its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 114.5% in the fourth quarter, Holdings Channel reports. The fund owned 14,010 shares of the industrial products company’s stock after purchasing an additional 7,480 shares during the period. Smith Asset Management Group LP’s holdings in Luxfer were worth $221,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in LXFR. Advisors Preferred LLC acquired a new position in shares of Luxfer in the third quarter valued at approximately $120,000. Citadel Advisors LLC acquired a new position in shares of Luxfer in the third quarter valued at approximately $173,000. Virtu Financial LLC acquired a new position in shares of Luxfer in the fourth quarter valued at approximately $179,000. Parametric Portfolio Associates LLC grew its holdings in shares of Luxfer by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 15,916 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 1,589 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Luxfer by 1.3% in the second quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 81.65% of the company’s stock.
Luxfer Holdings PLC (NYSE:LXFR) opened at $13.44 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 2.34 and a debt-to-equity ratio of 0.61. The firm has a market cap of $357.13, a P/E ratio of 14.86 and a beta of 0.77. Luxfer Holdings PLC has a twelve month low of $10.85 and a twelve month high of $16.21.
A number of brokerages recently weighed in on LXFR. BidaskClub cut shares of Luxfer from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Luxfer from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Saturday, November 11th. Finally, ValuEngine upgraded shares of Luxfer from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
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Luxfer Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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