Two Sigma Investments LP Sells 1,810 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Two Sigma Investments LP cut its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,760 shares of the industrial products company’s stock after selling 1,810 shares during the period. Two Sigma Investments LP owned 0.41% of Luxfer worth $1,450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LXFR. SG Americas Securities LLC increased its position in shares of Luxfer by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock valued at $166,000 after buying an additional 2,690 shares during the period. Rhumbline Advisers increased its position in shares of Luxfer by 5.6% in the fourth quarter. Rhumbline Advisers now owns 44,790 shares of the industrial products company’s stock worth $586,000 after purchasing an additional 2,382 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Luxfer by 20.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 60,530 shares of the industrial products company’s stock worth $792,000 after purchasing an additional 10,140 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Luxfer in the fourth quarter worth approximately $173,000. Finally, Bailard Inc. boosted its stake in Luxfer by 51.1% in the fourth quarter. Bailard Inc. now owns 21,300 shares of the industrial products company’s stock worth $279,000 after buying an additional 7,200 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

Insider Activity

In other news, insider Graham Wardlow sold 7,962 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $11.33, for a total transaction of $90,209.46. Following the completion of the sale, the insider now owns 25,847 shares of the company’s stock, valued at approximately $292,846.51. This represents a 23.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.24% of the company’s stock.

Luxfer Stock Up 1.9%

Shares of LXFR opened at $11.54 on Wednesday. The firm has a market cap of $314.31 million, a P/E ratio of 34.97, a P/E/G ratio of 1.85 and a beta of 1.09. The stock has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $12.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Friday, April 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, April 17th. Luxfer’s dividend payout ratio (DPR) is presently 66.67%.

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.