Tower Research Capital LLC TRC Takes $43,000 Position in LG Display Co., Ltd. (NYSE:LPL)

Tower Research Capital LLC TRC acquired a new stake in LG Display Co., Ltd. (NYSE:LPL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,984 shares of the electronics maker’s stock, valued at approximately $43,000.

Several other large investors also recently made changes to their positions in the stock. CWM LLC lifted its holdings in LG Display by 31.2% during the 3rd quarter. CWM LLC now owns 10,822 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 2,571 shares during the last quarter. Xponance Inc. acquired a new stake in LG Display during the 3rd quarter valued at $50,000. Advisor Partners II LLC lifted its holdings in LG Display by 27.7% during the 3rd quarter. Advisor Partners II LLC now owns 33,930 shares of the electronics maker’s stock valued at $166,000 after purchasing an additional 7,363 shares during the last quarter. Ieq Capital LLC acquired a new stake in LG Display during the 3rd quarter valued at $61,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in LG Display during the 3rd quarter valued at $64,000.

LG Display Stock Performance

Shares of LPL traded up $0.05 during midday trading on Thursday, reaching $4.20. 111,738 shares of the stock were exchanged, compared to its average volume of 406,861. LG Display Co., Ltd. has a twelve month low of $3.67 and a twelve month high of $6.68. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 1.30. The company has a market cap of $4.20 billion, a P/E ratio of -1.41 and a beta of 1.42. The stock’s 50 day simple moving average is $4.07 and its 200 day simple moving average is $4.53.

LG Display (NYSE:LPL) last posted its earnings results on Friday, March 8th. The electronics maker reported $0.06 earnings per share for the quarter. LG Display had a negative return on equity of 27.97% and a negative net margin of 12.93%. The company had revenue of $5.61 billion during the quarter. On average, sell-side analysts expect that LG Display Co., Ltd. will post -0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.