Luxfer (NYSE:LXFR) Stock Rating Lowered by Zacks Research

Luxfer (NYSE:LXFR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Wall Street Zen cut Luxfer from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Luxfer presently has an average rating of “Reduce”.

Luxfer Price Performance

NYSE LXFR traded down $0.38 on Wednesday, reaching $12.07. The company had a trading volume of 30,230 shares, compared to its average volume of 134,072. The stock has a market capitalization of $321.41 million, a PE ratio of 41.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01. Luxfer has a 12 month low of $9.41 and a 12 month high of $16.02. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $14.64 and its 200 day moving average price is $13.67.

Hedge Funds Weigh In On Luxfer

Large investors have recently modified their holdings of the stock. State of Tennessee Department of Treasury bought a new stake in shares of Luxfer during the 4th quarter worth approximately $235,000. Empowered Funds LLC increased its stake in Luxfer by 10.7% in the fourth quarter. Empowered Funds LLC now owns 113,183 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 10,897 shares during the period. Millennium Management LLC bought a new stake in shares of Luxfer during the fourth quarter worth $416,000. Bridgeway Capital Management LLC boosted its stake in shares of Luxfer by 6.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 188,283 shares of the industrial products company’s stock valued at $2,547,000 after purchasing an additional 10,897 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Luxfer by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 427,838 shares of the industrial products company’s stock worth $5,789,000 after purchasing an additional 4,110 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

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.