Luxfer Holdings PLC (NYSE:LXFR) CEO Alok Maskara Acquires 15,000 Shares

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Luxfer Holdings PLC (NYSE:LXFR) CEO Alok Maskara bought 15,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $15.65 per share, for a total transaction of $234,750.00. Following the purchase, the chief executive officer now directly owns 154,925 shares in the company, valued at $2,424,576.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

LXFR opened at $16.76 on Wednesday. Luxfer Holdings PLC has a one year low of $15.52 and a one year high of $28.06. The company has a quick ratio of 1.15, a current ratio of 2.35 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $21.38. The company has a market cap of $420.62 million, a P/E ratio of 9.92 and a beta of 1.01.

The company also recently disclosed a dividend, which was paid on Wednesday, August 7th. Stockholders of record on Friday, July 19th were paid a $0.125 dividend. The ex-dividend date was Thursday, July 18th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in shares of Luxfer in the 2nd quarter worth $2,740,000. Royce & Associates LP raised its stake in shares of Luxfer by 12.2% in the 1st quarter. Royce & Associates LP now owns 234,312 shares of the industrial products company’s stock worth $5,853,000 after buying an additional 25,500 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Luxfer in the 4th quarter worth $300,000. Raymond James & Associates bought a new stake in shares of Luxfer in the 1st quarter worth $2,174,000. Finally, Bank of America Corp DE raised its stake in shares of Luxfer by 2,288.2% in the 4th quarter. Bank of America Corp DE now owns 15,786 shares of the industrial products company’s stock worth $278,000 after buying an additional 15,125 shares in the last quarter. 98.62% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the company. Zacks Investment Research raised Luxfer from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine downgraded Luxfer from a “sell” rating to a “strong sell” rating in a research note on Saturday.

About Luxfer

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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