Luxfer (NYSE:LXFR) Lowered to “Buy” Rating by StockNews.com

Luxfer (NYSE:LXFR) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Luxfer Stock Performance

NYSE:LXFR opened at $14.01 on Wednesday. The firm’s fifty day moving average price is $13.71 and its 200 day moving average price is $12.72. Luxfer has a 1-year low of $7.55 and a 1-year high of $15.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The firm has a market cap of $375.19 million, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88.

Hedge Funds Weigh In On Luxfer

A number of hedge funds and other institutional investors have recently bought and sold shares of LXFR. Dimensional Fund Advisors LP lifted its holdings in Luxfer by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 512,495 shares of the industrial products company’s stock valued at $5,940,000 after acquiring an additional 61,475 shares during the period. Marshall Wace LLP lifted its holdings in Luxfer by 194.2% in the second quarter. Marshall Wace LLP now owns 82,935 shares of the industrial products company’s stock valued at $961,000 after acquiring an additional 54,746 shares during the period. AQR Capital Management LLC lifted its holdings in Luxfer by 7.0% in the second quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company’s stock valued at $6,512,000 after acquiring an additional 36,711 shares during the period. Earnest Partners LLC lifted its holdings in Luxfer by 11.5% in the second quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company’s stock valued at $6,472,000 after acquiring an additional 57,656 shares during the period. Finally, Algert Global LLC acquired a new stake in Luxfer in the second quarter valued at $133,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

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.