New York State Common Retirement Fund decreased its position in shares of Luxfer Holdings PLC (NYSE:LXFR) by 5.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,967 shares of the industrial products company’s stock after selling 5,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Luxfer were worth $2,672,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Luxfer during the 4th quarter valued at about $34,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Luxfer during the 1st quarter valued at about $57,000. Investors Research Corp purchased a new stake in shares of Luxfer during the 1st quarter valued at about $182,000. GSA Capital Partners LLP purchased a new stake in shares of Luxfer during the 4th quarter valued at about $185,000. Finally, Northern Trust Corp purchased a new stake in shares of Luxfer during the 4th quarter valued at about $200,000. Institutional investors own 97.62% of the company’s stock.
Shares of NYSE:LXFR opened at $22.36 on Thursday. The stock has a market cap of $603.76 million, a P/E ratio of 13.23 and a beta of 1.06. Luxfer Holdings PLC has a 12 month low of $16.39 and a 12 month high of $28.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.92.
Luxfer (NYSE:LXFR) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $120.40 million for the quarter, compared to the consensus estimate of $115.00 million. Luxfer had a net margin of 2.11% and a return on equity of 24.27%. On average, equities analysts forecast that Luxfer Holdings PLC will post 1.72 EPS for the current year.
Several analysts have recently issued reports on LXFR shares. ValuEngine cut shares of Luxfer from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded shares of Luxfer from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th.
In other Luxfer news, insider Andrew Butcher sold 4,963 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $25.08, for a total value of $124,472.04. Following the transaction, the insider now directly owns 89,134 shares in the company, valued at approximately $2,235,480.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Landless sold 1,250 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $23.46, for a total transaction of $29,325.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,171 shares of company stock worth $330,542 over the last quarter. 1.46% of the stock is currently owned by insiders.
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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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