Luxfer Holdings PLC (NYSE:LXFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

Several other analysts have also issued reports on LXFR. ValuEngine lowered shares of Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet upgraded shares of Luxfer Holdings PLC from a “c+” rating to a “b” rating in a report on Wednesday, May 17th.

Luxfer Holdings PLC (LXFR) traded down 1.09% during midday trading on Friday, reaching $11.85. 70,471 shares of the company were exchanged. The firm’s 50 day moving average price is $12.68 and its 200-day moving average price is $12.02. The stock has a market capitalization of $312.83 million, a P/E ratio of 20.12 and a beta of 0.82. Luxfer Holdings PLC has a 52 week low of $9.28 and a 52 week high of $13.49.

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A number of hedge funds have recently modified their holdings of LXFR. Aperio Group LLC raised its stake in shares of Luxfer Holdings PLC by 5.8% in the second quarter. Aperio Group LLC now owns 12,186 shares of the industrial products company’s stock worth $156,000 after buying an additional 669 shares during the period. Baker Ellis Asset Management LLC raised its stake in shares of Luxfer Holdings PLC by 6.7% in the second quarter. Baker Ellis Asset Management LLC now owns 11,200 shares of the industrial products company’s stock worth $143,000 after buying an additional 700 shares during the period. Wells Fargo & Company MN raised its stake in shares of Luxfer Holdings PLC by 0.5% in the first quarter. Wells Fargo & Company MN now owns 189,160 shares of the industrial products company’s stock worth $2,300,000 after buying an additional 999 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Luxfer Holdings PLC by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 15,916 shares of the industrial products company’s stock worth $204,000 after buying an additional 1,589 shares during the period. Finally, Renaissance Group LLC raised its stake in shares of Luxfer Holdings PLC by 8.2% in the first quarter. Renaissance Group LLC now owns 27,942 shares of the industrial products company’s stock worth $340,000 after buying an additional 2,107 shares during the period. Institutional investors own 84.02% of the company’s stock.

Luxfer Holdings PLC Company Profile

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

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