Proficio Capital Partners LLC Purchases Shares of 13,195 Luxfer Holdings PLC (NYSE:LXFR)

Proficio Capital Partners LLC acquired a new position in shares of Luxfer Holdings PLC (NYSE:LXFR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,195 shares of the industrial products company’s stock, valued at approximately $173,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Luxfer in the 4th quarter worth about $42,000. XTX Topco Ltd purchased a new position in shares of Luxfer during the 3rd quarter worth about $146,000. SG Americas Securities LLC boosted its position in shares of Luxfer by 26.9% in the fourth quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 2,690 shares during the last quarter. MML Investors Services LLC grew its holdings in Luxfer by 75.4% in the third quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 8,223 shares during the period. Finally, Bailard Inc. increased its position in Luxfer by 51.1% during the fourth quarter. Bailard Inc. now owns 21,300 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Luxfer Price Performance

Shares of Luxfer stock opened at $11.84 on Friday. The stock has a market capitalization of $316.49 million, a P/E ratio of 35.86, a PEG ratio of 1.85 and a beta of 0.93. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $13.23 and its 200 day moving average price is $13.28. Luxfer Holdings PLC has a twelve month low of $9.26 and a twelve month high of $15.64.

Luxfer (NYSE:LXFR) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $89.50 million. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. As a group, research analysts anticipate that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Monday, January 27th. Luxfer’s payout ratio is currently 76.47%.

Luxfer 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.