Luxfer Holdings PLC (NYSE:LXFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to 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 research firms also recently weighed in on LXFR. ValuEngine upgraded Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet raised Luxfer Holdings PLC from a “c+” rating to a “b” rating in a report on Wednesday, May 17th.

Luxfer Holdings PLC (NYSE LXFR) opened at 11.85 on Friday. The firm has a 50-day moving average price of $12.68 and a 200-day moving average price of $12.02. Luxfer Holdings PLC has a 52 week low of $9.28 and a 52 week high of $13.49. The company has a market capitalization of $312.83 million, a price-to-earnings ratio of 20.12 and a beta of 0.82.

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A number of large investors have recently bought and sold shares of LXFR. Aperio Group LLC boosted its stake in 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 in the last quarter. Baker Ellis Asset Management LLC boosted its stake in 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 in the last quarter. Wells Fargo & Company MN boosted its stake in 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 in the last quarter. Parametric Portfolio Associates LLC boosted its stake in 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 in the last quarter. Finally, Renaissance Group LLC boosted its stake in 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 in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

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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