97,387 Shares of Luxfer Holdings PLC $LXFR Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new position in shares of Luxfer Holdings PLC (NYSE:LXFR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 97,387 shares of the industrial products company’s stock, valued at approximately $1,682,000.

Several other hedge funds have also recently bought and sold shares of LXFR. EverSource Wealth Advisors LLC lifted its holdings in shares of Luxfer by 63.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,083 shares during the period. State of Alaska Department of Revenue increased its stake in Luxfer by 61.7% in the third quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 1,191 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Luxfer in the second quarter valued at approximately $34,000. First Wilshire Securities Management Inc. increased its stake in Luxfer by 0.7% in the first quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company’s stock valued at $4,168,000 after acquiring an additional 2,454 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new position in Luxfer during the third quarter valued at approximately $83,000. 90.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LXFR shares. Weiss Ratings cut Luxfer from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Piper Sandler set a $16.40 price target on Luxfer in a research note on Friday, October 30th. Zacks Research cut Luxfer from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 3rd. Finally, Freedom Broker cut Luxfer from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.50 to $16.40 in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.40.

Luxfer Stock Up 0.1%

LXFR stock opened at $17.34 on Tuesday. The stock has a market capitalization of $463.88 million, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 2.58 and a beta of 1.13. The company has a current ratio of 2.47, a quick ratio of 1.19 and a debt-to-equity ratio of 0.26. Luxfer Holdings PLC has a 12 month low of $11.26 and a 12 month high of $19.45. The firm has a 50-day moving average price of $17.26 and a 200-day moving average price of $15.88.

Luxfer (NYSE:LXFR) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $89.30 million during the quarter, compared to analyst estimates of $93.70 million. Luxfer had a net margin of 1.71% and a return on equity of 11.86%. As a group, equities research analysts anticipate that Luxfer Holdings PLC will post 0.96 EPS for the current fiscal year.

Luxfer Profile

Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.