Luxfer (NYSE:LXFR) Cut to "Buy" at StockNews.com

Luxfer (NYSE:LXFR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Tuesday.

Luxfer Stock Performance

Luxfer stock traded down $0.12 during trading hours on Tuesday, reaching $13.72. 148,019 shares of the company were exchanged, compared to its average volume of 154,415. Luxfer has a 12 month low of $7.55 and a 12 month high of $15.64. The firm has a market cap of $367.36 million, a price-to-earnings ratio of 41.56, a PEG ratio of 2.36 and a beta of 0.87. 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 stock has a 50-day moving average of $13.88 and a 200 day moving average of $12.44.

Institutional Trading of Luxfer

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in Luxfer by 1.6% in the 3rd quarter. FMR LLC now owns 2,725,821 shares of the industrial products company's stock worth $35,299,000 after buying an additional 43,559 shares during the period. First Eagle Investment Management LLC increased its position in Luxfer by 17.4% during the second quarter. First Eagle Investment Management LLC now owns 287,707 shares of the industrial products company's stock worth $3,335,000 after acquiring an additional 42,668 shares during the period. Los Angeles Capital Management LLC bought a new stake in Luxfer in the 2nd quarter valued at $656,000. Earnest Partners LLC boosted its holdings in Luxfer by 11.5% in the 2nd quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company's stock valued at $6,472,000 after purchasing an additional 57,656 shares during the period. Finally, AQR Capital Management LLC grew its position in Luxfer by 7.0% in the 2nd quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company's stock worth $6,512,000 after purchasing an additional 36,711 shares during the last quarter. Institutional investors own 90.82% of the company's stock.

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.

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