Hedge Funds Are Betting On Luxfer Holdings PLC (ADR) (LXFR)

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As industrywide interest jumped, specific money managers have been driving this bullishness. Robert B. Gillam of McKinley Capital Management assembled the biggest position in Luxfer Holdings PLC (ADR) (NYSE:LXFR). McKinley Capital Management had $1.1 million invested in the company at the end of the quarter. James Dondero’s Highland Capital Management also made a $0.3 million investment in the stock during the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Luxfer Holdings PLC (ADR) (NYSE:LXFR) but similarly valued. These stocks are FRP Holdings Inc (NASDAQ:FRPH), Davids Tea Inc (NASDAQ:DTEA), Silicom Ltd. (NASDAQ:SILC), and EXCO Resources Inc (NYSE:XCO). This group of stocks’ market caps are similar to LXFR’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FRPH 6 39702 1
DTEA 4 4882 4
SILC 4 6211 4
XCO 11 130821 2

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $45 million. That figure was $86 million in LXFR’s case. EXCO Resources Inc (NYSE:XCO) is the most popular stock in this table. On the other hand Davids Tea Inc (NASDAQ:DTEA) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Luxfer Holdings PLC (ADR) (NYSE:LXFR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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