Ancora Advisors LLC Makes New $1.34 Million Investment in Luxfer Holdings PLC $LXFR

Key Points

• Ancora Advisors initiated a $1.34 million position in Luxfer Holdings, purchasing 74,317 shares. Institutional investors collectively own 90.82% of the company.
• Luxfer exceeded quarterly expectations, reporting $0.29 EPS versus a $0.28 estimate and revenue of $95.7 million versus $90.3 million expected.
• Analyst sentiment remains moderately positive, though ratings were mixed, while insiders sold 21,368 shares over the past 90 days. Luxfer also maintains a quarterly dividend of $0.13 per share, yielding about 3%.

Ancora Advisors LLC acquired a new position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,317 shares of the industrial products company's stock, valued at approximately $1,341,000. Ancora Advisors LLC owned 0.28% of Luxfer as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LXFR. Arrowstreet Capital Limited Partnership increased its position in Luxfer by 17.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company's stock worth $5,947,000 after buying an additional 70,989 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Luxfer in the first quarter valued at about $956,000. Dimensional Fund Advisors LP boosted its position in shares of Luxfer by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company's stock valued at $11,898,000 after acquiring an additional 58,197 shares during the period. Alliancebernstein L.P. boosted its position in shares of Luxfer by 7.1% in the third quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company's stock valued at $295,000 after acquiring an additional 1,400 shares during the period. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Luxfer in the fourth quarter valued at about $235,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Insider Activity at Luxfer

In other news, Director Richard J. Hipple sold 4,010 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the transaction, the director directly owned 32,920 shares in the company, valued at approximately $495,446. This represents a 10.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa G. Trimberger sold 4,010 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,350.50. Following the sale, the director directly owned 20,801 shares in the company, valued at approximately $313,055.05. This trade represents a 16.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 21,368 shares of company stock valued at $321,588. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on LXFR. Weiss Ratings reiterated a "hold (c)" rating on shares of Luxfer in a research note on Thursday, June 18th. Zacks Research lowered shares of Luxfer from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Freedom Capital raised shares of Luxfer to a "strong-buy" rating in a report on Thursday, May 21st. Finally, Wall Street Zen cut shares of Luxfer from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Luxfer currently has a consensus rating of "Moderate Buy".

Luxfer Stock Down 0.1%

LXFR stock opened at $17.16 on Friday. The stock has a market capitalization of $459.05 million, a P/E ratio of 57.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The company has a current ratio of 2.33, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. Luxfer Holdings PLC has a 12 month low of $11.26 and a 12 month high of $19.45. The firm has a 50-day moving average price of $17.31 and a 200-day moving average price of $15.45.

Luxfer (NYSE:LXFR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $95.70 million for the quarter, compared to analyst estimates of $90.30 million. Luxfer had a net margin of 2.20% and a return on equity of 12.22%. As a group, equities research analysts anticipate that Luxfer Holdings PLC will post 1.1 EPS for the current fiscal year.

Luxfer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Friday, July 17th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 17th. Luxfer's payout ratio is presently 173.33%.

Luxfer Company 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.

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