Luxfer Holdings PLC $LXFR Shares Newly Acquired by Penn Capital Management Company LLC

Key Points

• Penn Capital Management acquired 97,387 Luxfer shares in the third quarter, worth about $1.68 million and representing 0.36% of the company. Institutional investors and hedge funds collectively own 90.82% of Luxfer.
• Analyst sentiment is mixed but averages to a “Hold”, with a consensus price target of $16.40; recent moves included downgrades from Zacks Research and Freedom Broker.
• Luxfer’s latest quarterly results fell short of expectations: EPS was $0.25 versus $0.28 forecast, while revenue was $89.3 million versus $93.7 million expected.

Penn Capital Management Company LLC purchased a new stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 97,387 shares of the industrial products company's stock, valued at approximately $1,682,000. Penn Capital Management Company LLC owned 0.36% of Luxfer as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Axxcess Wealth Management LLC bought a new stake in shares of Luxfer during the third quarter worth approximately $233,000. State of Alaska Department of Revenue grew its position in shares of Luxfer by 61.7% in the third quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 1,191 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Luxfer during the 3rd quarter worth approximately $83,000. Integrated Wealth Concepts LLC bought a new stake in Luxfer in the 2nd quarter valued at $34,000. Finally, Ancora Advisors LLC boosted its stake in Luxfer by 131.1% in the 2nd quarter. Ancora Advisors LLC now owns 74,317 shares of the industrial products company's stock valued at $1,341,000 after purchasing an additional 42,160 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LXFR shares. Zacks Research lowered Luxfer from a "hold" rating to a "strong sell" rating in a report on Tuesday, November 3rd. Weiss Ratings downgraded Luxfer from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, October 29th. Freedom Broker cut shares of Luxfer from a "buy" rating to a "hold" rating and reduced their target price for the company from $20.50 to $16.40 in a research report on Friday, October 30th. Finally, Piper Sandler set a $16.40 target price on shares of Luxfer in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Luxfer has a consensus rating of "Hold" and a consensus target price of $16.40.

Luxfer Stock Up 0.1%

NYSE LXFR opened at $17.34 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 1.19 and a debt-to-equity ratio of 0.26. Luxfer Holdings PLC has a 1-year low of $11.26 and a 1-year high of $19.45. The company has a 50 day moving average of $17.26 and a 200-day moving average of $15.88. The company has a market cap of $463.88 million, a price-to-earnings ratio of 17.66, a PEG ratio of 2.58 and a beta of 1.13.

Luxfer (NYSE:LXFR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Luxfer had a return on equity of 11.86% and a net margin of 1.71%. The company had revenue of $89.30 million for the quarter, compared to analyst estimates of $93.70 million. On average, equities research analysts expect that Luxfer Holdings PLC will post 0.96 earnings per share for the current fiscal year.

About Luxfer

Luxfer Holdings PLC NYSE: LXFR is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.

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