Luxfer Holdings PLC (NYSE:LXFR) Sees Significant Decrease in Short Interest

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 117,800 shares, a drop of 18.8% from the January 15th total of 145,100 shares. Based on an average daily trading volume, of 127,300 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company's shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXFR. Squarepoint Ops LLC lifted its position in Luxfer by 9.6% in the 4th quarter. Squarepoint Ops LLC now owns 37,784 shares of the industrial products company's stock worth $495,000 after buying an additional 3,321 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Luxfer during the fourth quarter worth $188,000. Millennium Management LLC acquired a new stake in Luxfer during the fourth quarter valued at $3,308,000. Lazard Asset Management LLC grew its stake in Luxfer by 98.3% in the fourth quarter. Lazard Asset Management LLC now owns 48,057 shares of the industrial products company's stock valued at $629,000 after purchasing an additional 23,820 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Luxfer by 90.0% in the 4th quarter. Deutsche Bank AG now owns 24,835 shares of the industrial products company's stock worth $325,000 after purchasing an additional 11,763 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Luxfer Stock Down 0.3 %

NYSE:LXFR traded down $0.05 during trading hours on Wednesday, hitting $14.54. 135,247 shares of the company's stock traded hands, compared to its average volume of 115,998. The stock's fifty day moving average price is $13.62 and its two-hundred day moving average price is $13.00. The firm has a market cap of $389.43 million, a P/E ratio of 44.07, a P/E/G ratio of 1.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. Luxfer has a twelve month low of $7.61 and a twelve month high of $15.64.

Luxfer Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Monday, January 27th. Luxfer's dividend payout ratio (DPR) is 157.58%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 22nd.

Luxfer Company 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.