Liberty Tax (NASDAQ:TAX) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Zacks Investment Research downgraded Liberty Tax from a “hold” rating to a “strong sell” rating in a research report on Friday, September 8th.

Liberty Tax (TAX) traded down $0.05 during midday trading on Friday, reaching $11.00. The company had a trading volume of 48,170 shares, compared to its average volume of 80,399. The stock has a market capitalization of $139.51, a P/E ratio of 13.75, a PEG ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.36. Liberty Tax has a 12 month low of $10.70 and a 12 month high of $16.19.

Several institutional investors have recently made changes to their positions in the company. OxFORD Asset Management LLP purchased a new position in shares of Liberty Tax in the third quarter valued at about $184,000. Dimensional Fund Advisors LP lifted its position in shares of Liberty Tax by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 176,252 shares of the business services provider’s stock valued at $2,538,000 after acquiring an additional 21,007 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Liberty Tax in the third quarter valued at about $160,000. Macquarie Group Ltd. purchased a new position in shares of Liberty Tax in the third quarter valued at about $487,000. Finally, Seizert Capital Partners LLC lifted its position in shares of Liberty Tax by 69.9% in the third quarter. Seizert Capital Partners LLC now owns 56,607 shares of the business services provider’s stock valued at $815,000 after acquiring an additional 23,286 shares in the last quarter. Institutional investors and hedge funds own 47.79% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2018/01/01/liberty-tax-tax-cut-to-hold-at-valuengine.html.

About Liberty Tax

Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.

Receive News & Stock Ratings for Liberty Tax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Tax and related stocks with our FREE daily email newsletter.