Luxfer (NYSE:LXFR) Downgraded by Zacks Research to “Strong Sell”

Luxfer (NYSE:LXFR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Separately, Wall Street Zen lowered Luxfer from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Luxfer Stock Performance

Shares of Luxfer stock opened at $12.48 on Wednesday. The firm has a fifty day moving average of $14.64 and a two-hundred day moving average of $13.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 1.67. The stock has a market capitalization of $332.49 million, a price-to-earnings ratio of 43.04, a PEG ratio of 1.81 and a beta of 1.01. Luxfer has a 52 week low of $9.41 and a 52 week high of $16.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXFR. Artisan Partners Limited Partnership increased its holdings in shares of Luxfer by 18.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock worth $23,108,000 after acquiring an additional 258,957 shares in the last quarter. American Century Companies Inc. increased its stake in Luxfer by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after purchasing an additional 180,199 shares in the last quarter. Earnest Partners LLC increased its stake in Luxfer by 24.9% during the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock worth $11,330,000 after purchasing an additional 167,023 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Luxfer by 332.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after buying an additional 136,402 shares during the period. Finally, Nuveen LLC lifted its stake in Luxfer by 80.6% in the fourth quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock valued at $4,067,000 after buying an additional 134,120 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.