River & Mercantile Asset Management LLP Buys New Stake in Luxfer Holdings PLC (NYSE:LXFR)

River & Mercantile Asset Management LLP bought a new stake in shares of Luxfer Holdings PLC (NYSE:LXFR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 118,318 shares of the industrial products company’s stock, valued at approximately $2,901,000.

Several other large investors have also bought and sold shares of the stock. Raymond James & Associates acquired a new position in Luxfer in the 1st quarter worth $2,174,000. Royce & Associates LP lifted its holdings in Luxfer by 12.2% in the 1st quarter. Royce & Associates LP now owns 234,312 shares of the industrial products company’s stock worth $5,853,000 after buying an additional 25,500 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Luxfer by 34.4% in the 1st quarter. William Blair Investment Management LLC now owns 1,226,992 shares of the industrial products company’s stock worth $30,650,000 after buying an additional 313,993 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in Luxfer by 87.7% in the 1st quarter. Granite Investment Partners LLC now owns 42,922 shares of the industrial products company’s stock worth $1,072,000 after buying an additional 20,060 shares in the last quarter. Finally, FMR LLC lifted its holdings in Luxfer by 45.3% in the 1st quarter. FMR LLC now owns 4,158,376 shares of the industrial products company’s stock worth $103,876,000 after buying an additional 1,295,722 shares in the last quarter.

A number of equities analysts have commented on LXFR shares. Zacks Investment Research upgraded shares of Luxfer from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. ValuEngine upgraded shares of Luxfer from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th.

Shares of Luxfer stock traded down $0.23 during trading on Tuesday, reaching $15.35. The company had a trading volume of 4,065 shares, compared to its average volume of 221,835. The company has a market cap of $417.44 million, a price-to-earnings ratio of 9.02 and a beta of 1.10. The firm’s fifty day moving average is $15.95 and its 200-day moving average is $21.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 2.35. Luxfer Holdings PLC has a fifty-two week low of $15.02 and a fifty-two week high of $28.06.

Luxfer (NYSE:LXFR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $116.50 million for the quarter, compared to analyst estimates of $122.00 million. Luxfer had a net margin of 0.75% and a return on equity of 25.05%. On average, research analysts anticipate that Luxfer Holdings PLC will post 1.45 EPS for the current fiscal year.

In related news, Director Richard J. Hipple bought 3,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $16.25 per share, for a total transaction of $48,750.00. Following the purchase, the director now owns 3,000 shares in the company, valued at approximately $48,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Alok Maskara bought 15,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $15.65 per share, for a total transaction of $234,750.00. Following the purchase, the chief executive officer now owns 154,925 shares in the company, valued at approximately $2,424,576.25. The disclosure for this purchase can be found here. Corporate insiders own 1.46% of the company’s stock.

About Luxfer

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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Institutional Ownership by Quarter for Luxfer (NYSE:LXFR)

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