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

Luxfer Holdings PLC (NYSE:LXFR) was the target of a significant decrease in short interest during the month of 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 trading volume of 152,200 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of 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 acquiring an additional 15,641 shares in the last quarter. Barclays PLC raised its holdings in Luxfer by 64.2% during the third quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock worth $865,000 after buying an additional 26,112 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 in the last quarter. MML Investors Services LLC grew its holdings in shares of Luxfer by 75.4% during 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 bought a new stake in shares of Luxfer during the third quarter worth about $146,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Luxfer Price Performance

Luxfer stock opened at $12.82 on Wednesday. The stock’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $12.66. Luxfer has a 52-week low of $7.55 and a 52-week high of $15.64. The stock has a market capitalization of $343.38 million, a price-to-earnings ratio of 38.85, a PEG ratio of 2.29 and a beta of 0.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17.

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.