Here is What Hedge Funds Think About Luxfer Holdings PLC (LXFR)

As one would reasonably expect, specific money managers have jumped into Luxfer Holdings PLC (ADR) (NYSE:LXFR) headfirst. Nantahala Capital Management assembled the most valuable position in Luxfer Holdings PLC (ADR) (NYSE:LXFR). Nantahala Capital Management had $6.2 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also initiated a $0.1 million position 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. We will take a look at Threshold Pharmaceuticals, Inc. (NASDAQ:THLD), Meta Financial Group Inc. (NASDAQ:CASH), Asanko Gold Inc (NYSEMKT:AKG), and Sodastream International Ltd (NASDAQ:SODA). This group of stocks’ market valuations are similar to LXFR’s market valuation.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $41 million, below the $84 million figure in LXFR’s case. Meta Financial Group Inc. (NASDAQ:CASH) is the most popular stock in this table. On the other hand Asanko Gold Inc (NYSEMKT:AKG) is the least popular one with only five bullish hedge fund positions. Even though Luxfer Holdings PLC (ADR) (NYSE:LXFR) is not the least popular stock in this group, the hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on, such as CASH, which might be a better candidate to consider a long position.