Citadel Advisors LLC Buys New Position in Luxfer Holdings PLC (LXFR)

Citadel Advisors LLC bought a new position in shares of Luxfer Holdings PLC (NYSE:LXFR) during the second quarter, according to its most recent filing with the SEC. The fund bought 35,452 shares of the industrial products company’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paradice Investment Management LLC raised its stake in shares of Luxfer by 2.9% during the 2nd quarter. Paradice Investment Management LLC now owns 2,086,222 shares of the industrial products company’s stock worth $36,467,000 after purchasing an additional 59,262 shares during the period. Kempen Capital Management N.V. raised its stake in shares of Luxfer by 1.8% during the 1st quarter. Kempen Capital Management N.V. now owns 679,535 shares of the industrial products company’s stock worth $8,698,000 after purchasing an additional 11,804 shares during the period. Acadian Asset Management LLC raised its stake in shares of Luxfer by 24.3% during the 2nd quarter. Acadian Asset Management LLC now owns 428,649 shares of the industrial products company’s stock worth $7,493,000 after purchasing an additional 83,696 shares during the period. Millennium Management LLC raised its stake in shares of Luxfer by 378.0% during the 1st quarter. Millennium Management LLC now owns 231,935 shares of the industrial products company’s stock worth $2,969,000 after purchasing an additional 183,416 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Luxfer by 3,428.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 154,423 shares of the industrial products company’s stock worth $2,697,000 after purchasing an additional 150,047 shares during the period. Institutional investors own 87.24% of the company’s stock.

A number of research firms have recently commented on LXFR. Zacks Investment Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 9th. KeyCorp reissued a “buy” rating and issued a $23.00 price objective (up previously from $19.00) on shares of Luxfer in a report on Monday, August 6th.

Shares of LXFR opened at $21.09 on Tuesday. Luxfer Holdings PLC has a fifty-two week low of $11.96 and a fifty-two week high of $23.28. The stock has a market capitalization of $546.53 million, a P/E ratio of 22.27 and a beta of 0.88. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.55.

Luxfer (NYSE:LXFR) last announced its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.09. Luxfer had a return on equity of 19.79% and a net margin of 4.51%. The company had revenue of $128.20 million during the quarter. sell-side analysts expect that Luxfer Holdings PLC will post 1.42 earnings per share for the current year.

Luxfer Profile

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.

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Institutional Ownership by Quarter for Luxfer (NYSE:LXFR)

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