Panagora Asset Management Inc. Buys 31,450 Shares of Luxfer Holdings PLC $LXFR

Key Points

• Panagora Asset Management Inc. increased its stake in Luxfer Holdings PLC by 29.9%, owning 136,627 shares valued at approximately $1.62 million.
• Luxfer Holdings has a market capitalization of $354.81 million and recently declared a quarterly dividend of $0.13 per share, yielding 3.9%.
• Analyst ratings for Luxfer were downgraded from a "strong-buy" to a "buy" by Wall Street Zen on August 2nd.

Panagora Asset Management Inc. raised its position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 29.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,627 shares of the industrial products company's stock after purchasing an additional 31,450 shares during the period. Panagora Asset Management Inc. owned about 0.50% of Luxfer worth $1,620,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in Luxfer in the 1st quarter valued at about $29,000. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 last quarter. American Century Companies Inc. raised its position in Luxfer by 5.5% during 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 in the last quarter. Millennium Management LLC acquired a new stake in shares of Luxfer in the fourth quarter valued at about $3,308,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Luxfer during the 4th quarter valued at about $137,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Luxfer Trading Down 0.8%

NYSE:LXFR traded down $0.12 on Monday, reaching $13.59. The company's stock had a trading volume of 44,063 shares, compared to its average volume of 128,552. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm has a market cap of $363.53 million, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The stock has a 50 day moving average price of $12.49 and a 200 day moving average price of $11.82. Luxfer Holdings PLC has a 12-month low of $9.41 and a 12-month high of $15.64.

Luxfer Dividend Announcement

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

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.