Luxfer Holdings PLC $LXFR Shares Sold by Ancora Advisors LLC

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 trimmed its stake 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 83,257 shares of the industrial products company's stock after selling 60,680 shares during the period. Ancora Advisors LLC owned about 0.31% of Luxfer worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in Luxfer during the first quarter worth about $29,000. Allspring Global Investments Holdings LLC grew its holdings in Luxfer by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,861 shares of the industrial products company's stock valued at $409,000 after purchasing an additional 12,214 shares during the period. American Century Companies Inc. grew its holdings in Luxfer by 5.5% in the first quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company's stock valued at $15,005,000 after purchasing an additional 65,470 shares during the period. Millennium Management LLC acquired a new stake in Luxfer in the fourth quarter valued at approximately $3,308,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Luxfer in the fourth quarter valued at approximately $137,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Luxfer Stock Performance

Shares of NYSE:LXFR opened at $13.66 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83. The business's 50 day moving average price is $12.49 and its 200-day moving average price is $11.86. The firm has a market capitalization of $365.43 million, a PE ratio of 15.17, a P/E/G ratio of 1.81 and a beta of 1.13. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64.

Luxfer Announces Dividend

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

Insider Activity

In other news, CFO Stephen Webster sold 4,244 shares of Luxfer stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $11.83, for a total value of $50,206.52. Following the sale, the chief financial officer directly owned 26,662 shares of the company's stock, valued at $315,411.46. The trade was a 13.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.24% of the stock is owned by corporate insiders.

About Luxfer

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.

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