Ancora Advisors LLC Has $987,000 Stock Position in Luxfer Holdings PLC $LXFR

Key Points

• Ancora Advisors LLC has reduced its stake in Luxfer Holdings PLC by 42.2%, now owning around 0.31% of the company, valued at approximately $987,000.
• Luxfer has declared a quarterly dividend of $0.13, translating to an annualized dividend of $0.52 and a yield of 3.8%.
• Analyst ratings for Luxfer have been adjusted from a "strong-buy" to a "buy" by Wall Street Zen, reflecting a change in market sentiment.

Ancora Advisors LLC lessened its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 42.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,257 shares of the industrial products company's stock after selling 60,680 shares during the quarter. Ancora Advisors LLC owned approximately 0.31% of Luxfer worth $987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new position in shares of Luxfer in the first quarter valued at approximately $124,000. Panagora Asset Management Inc. lifted its position in shares of Luxfer by 29.9% in the 1st quarter. Panagora Asset Management Inc. now owns 136,627 shares of the industrial products company's stock worth $1,620,000 after acquiring an additional 31,450 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Luxfer during the 1st quarter worth approximately $166,000. Trexquant Investment LP grew its holdings in shares of Luxfer by 15.5% during the 1st quarter. Trexquant Investment LP now owns 97,233 shares of the industrial products company's stock worth $1,153,000 after purchasing an additional 13,022 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of Luxfer by 6.5% during the first quarter. Earnest Partners LLC now owns 738,724 shares of the industrial products company's stock valued at $8,761,000 after purchasing an additional 45,172 shares during the period. Institutional investors own 90.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd.

Luxfer Price Performance

NYSE LXFR traded up $0.41 on Thursday, hitting $13.78. 98,549 shares of the company were exchanged, compared to its average volume of 114,288. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64. The firm has a 50 day moving average of $12.58 and a two-hundred day moving average of $11.83. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market cap of $368.81 million, a P/E ratio of 15.31, a P/E/G ratio of 1.80 and a beta of 1.13.

Luxfer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, July 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's dividend payout ratio (DPR) is 57.78%.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.