Resonant Capital Advisors LLC Purchases Shares of 13,871 LG Display Co., Ltd. $LPL

Resonant Capital Advisors LLC acquired a new position in LG Display Co., Ltd. (NYSE:LPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,871 shares of the electronics maker’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of LG Display by 376.1% during the 1st quarter. GAMMA Investing LLC now owns 22,001 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 17,380 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in LG Display by 161.2% during the first quarter. Sequoia Financial Advisors LLC now owns 99,944 shares of the electronics maker’s stock valued at $311,000 after purchasing an additional 61,679 shares in the last quarter. Cerity Partners LLC grew its holdings in LG Display by 498.6% during the first quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker’s stock valued at $400,000 after purchasing an additional 107,167 shares during the period. Xponance Inc. purchased a new stake in LG Display in the first quarter worth about $51,000. Finally, Crestwood Advisors Group LLC purchased a new stake in LG Display in the first quarter worth about $45,000.

LG Display Stock Up 1.5%

NYSE LPL opened at $5.07 on Wednesday. LG Display Co., Ltd. has a 12 month low of $2.43 and a 12 month high of $5.67. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The stock has a market cap of $5.07 billion, a PE ratio of -12.06, a P/E/G ratio of 0.25 and a beta of 1.49. The stock’s 50 day moving average is $4.85 and its 200 day moving average is $3.90.

LG Display (NYSE:LPL) last released its quarterly earnings data on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.85 billion. Research analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on LPL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research report on Wednesday, October 8th. UBS Group raised shares of LG Display from a “sell” rating to a “neutral” rating in a report on Tuesday, September 23rd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the 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.