Cornercap Investment Counsel Inc. Sells 23,842 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Cornercap Investment Counsel Inc. reduced its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 51.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,449 shares of the industrial products company’s stock after selling 23,842 shares during the period. Cornercap Investment Counsel Inc. owned about 0.08% of Luxfer worth $291,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in shares of Luxfer in the second quarter worth about $25,000. CWM LLC boosted its holdings in shares of Luxfer by 466.6% in the second quarter. CWM LLC now owns 7,558 shares of the industrial products company’s stock valued at $88,000 after buying an additional 6,224 shares during the period. SG Americas Securities LLC acquired a new position in shares of Luxfer in the third quarter valued at approximately $130,000. Algert Global LLC acquired a new position in shares of Luxfer in the second quarter valued at approximately $133,000. Finally, Russell Investments Group Ltd. grew its position in Luxfer by 254.8% in the first quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,445 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total transaction of $70,395.00. Following the sale, the insider now owns 29,008 shares in the company, valued at $314,156.64. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.17% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Luxfer Trading Down 2.1 %

Shares of LXFR opened at $14.34 on Monday. Luxfer Holdings PLC has a 52-week low of $7.55 and a 52-week high of $15.64. The business’s fifty day moving average is $13.03 and its 200-day moving average is $12.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The firm has a market cap of $384.03 million, a price-to-earnings ratio of 43.45, a PEG ratio of 2.41 and a beta of 0.89.

Luxfer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, October 18th. Luxfer’s dividend payout ratio is 157.58%.

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.