Luxfer Holdings PLC (NYSE:LXFR) Short Interest Up 28.0% in February

Luxfer Holdings PLC (NYSE:LXFR) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 394,882 shares, an increase of 28.0% from the January 29th total of 308,396 shares. Based on an average trading volume of 117,277 shares, the short-interest ratio is currently 3.4 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 117,277 shares, the short-interest ratio is currently 3.4 days.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Luxfer from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Luxfer Stock Performance

Shares of Luxfer stock opened at $12.65 on Thursday. Luxfer has a 1 year low of $9.41 and a 1 year high of $16.02. The firm’s 50-day moving average is $14.68 and its 200 day moving average is $13.68. The stock has a market cap of $337.00 million, a price-to-earnings ratio of 43.62, a PEG ratio of 1.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 0.73.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 23rd were issued a dividend of $0.13 per share. The ex-dividend date was Friday, January 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.1%. Luxfer’s dividend payout ratio is presently 179.31%.

Hedge Funds Weigh In On Luxfer

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Luxfer during the 4th quarter valued at $26,000. Raymond James Financial Inc. bought a new position in shares of Luxfer during the second quarter valued at $29,000. CWM LLC boosted its position in shares of Luxfer by 79.6% during the second quarter. CWM LLC now owns 6,920 shares of the industrial products company’s stock valued at $84,000 after buying an additional 3,068 shares during the last quarter. LSV Asset Management bought a new stake in Luxfer in the 4th quarter worth about $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Luxfer in the 4th quarter worth about $101,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.