Short Interest in Luxfer Holdings PLC (NYSE:LXFR) Declines By 31.7%

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 153,200 shares, a decrease of 31.7% from the December 15th total of 224,200 shares. Based on an average daily trading volume, of 152,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company's stock are sold short.

Luxfer Stock Up 3.4 %

Shares of LXFR traded up $0.43 during midday trading on Wednesday, reaching $13.23. 139,392 shares of the stock were exchanged, compared to its average volume of 94,755. Luxfer has a 52 week low of $7.55 and a 52 week high of $15.64. 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 company's 50 day moving average is $13.78 and its two-hundred day moving average is $12.66. The company has a market capitalization of $354.37 million, a P/E ratio of 40.09, a PEG ratio of 2.29 and a beta of 0.88.

Luxfer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 17th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.93%. Luxfer's payout ratio is currently 157.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Luxfer from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.

Institutional Investors Weigh In On Luxfer

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Luxfer by 129.4% during the third quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company's stock valued at $359,000 after purchasing an additional 15,641 shares in the last quarter. Barclays PLC raised its stake in Luxfer by 64.2% in the third quarter. Barclays PLC now owns 66,809 shares of the industrial products company's stock valued at $865,000 after buying an additional 26,112 shares during the last quarter. Geode Capital Management LLC raised its stake in Luxfer by 2.5% in the third quarter. Geode Capital Management LLC now owns 627,817 shares of the industrial products company's stock valued at $8,132,000 after buying an additional 15,030 shares during the last quarter. MML Investors Services LLC raised its stake in Luxfer by 75.4% in the third quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company's stock valued at $248,000 after buying an additional 8,223 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Luxfer in the third quarter valued at about $146,000. Institutional investors own 90.82% of the company's stock.

About Luxfer

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.