Los Angeles Capital Management LLC Sells 6,200 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Los Angeles Capital Management LLC lowered its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 11.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 50,390 shares of the industrial products company’s stock after selling 6,200 shares during the period. Los Angeles Capital Management LLC owned approximately 0.19% of Luxfer worth $653,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in Luxfer by 254.8% in the first quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 13,445 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in Luxfer in the first quarter valued at about $432,000. Vanguard Group Inc. raised its position in Luxfer by 188.8% in the first quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after purchasing an additional 1,101,856 shares in the last quarter. Acadian Asset Management LLC bought a new position in Luxfer during the first quarter worth about $1,574,000. Finally, Quadrature Capital Ltd acquired a new stake in Luxfer during the first quarter valued at approximately $288,000. Institutional investors own 90.82% of the company’s stock.

Insider Transactions at Luxfer

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of Luxfer stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the transaction, the insider now owns 29,008 shares in the company, valued at approximately $314,156.64. The trade was a 18.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Luxfer Trading Down 2.1 %

Shares of Luxfer stock opened at $14.34 on Friday. Luxfer Holdings PLC has a 12-month low of $7.55 and a 12-month high of $15.64. The stock has a market capitalization of $384.10 million, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. The company has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $12.07. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29.

Luxfer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, October 18th. Luxfer’s dividend payout ratio (DPR) is currently 157.58%.

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.